Australian Dollar / U.S. Dollar
Long
Updated

one more head and shoulders pattern

557
snapshot
hey traders,

audusd goes lower and again finds a decent level of structure to focus on.
as the market toucher this 0.708 zone, we see clear rsi divergence and market consolidation.
snapshot

Formation of a head and shoulders pattern leaves us clues that with high probability we will
see a retracement up until the range of a pattern,

my initial target is bit lower that 0.715
and the second target is aorund 0.718

stop below head

good luck!
Note
almost hit the first target
Trade closed: target reached

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.