AUDUSD - Head and Shoulders

A Head and Shoulders retest is not exactly common. Since the market has stabilised from the fall, it is a good opportunity to reengage the trade. The previous high would be the area I'm looking to shift my stop to entry and I'll observe closely at that level.

Break and close above the high at 0.7850 would be preferred.
askforex100AUDUSDCandlestick AnalysisCandlestick analysisHead and ShouldersOscillatorsrestestrsioversoldstretchtrendtrading

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