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.
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 targetTrade closed: target reached
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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Related publications
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.