AUDUSD: Head And Shoulders Trap
Buyers got caught today, big time!
You can see from this chart that the head and shoulders break out was a trap.
Once they had initiated buys, the price was driven to the area with stop losses.
Now, this move is out of the way, we should continue to see bullish momentum.
You can see from this chart that the head and shoulders break out was a trap.
Once they had initiated buys, the price was driven to the area with stop losses.
Now, this move is out of the way, we should continue to see bullish momentum.
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