AUDJPY has completed the H&S pattern by breaking the neckline and also breaking below a previous level of resistance that was temporarily support. We can see price has now found a new level of support and has started to pullback. I'll be looking for shorts once I get a pullback back to the previous resistance zone or at the neckline which also has confluence with 61.8 Fib retracement level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.