AUDUSD Short
AUDUSD has made a pullback into a 50% fib level and looks to be forming a neat H&S pattern. this is confluent with the dollar index showing strength. I will scale down to the 15Min timeframe where another H&S has formed upon rejecting the fib level. I'm looking for a retest of this neckline on the 15Min timeframe to go short as shown below.
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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.