AUD/USD - Inverse head and shoulders
Updated
We can see that on the chart there is building up reversal pattern - Inverse Head and Shoulders. This is bullish reversal pattern and important is close above the neckline.
Wait for pullback (neckline), it should be good entry.
Targets: TP area (agressive)
0.382 Fibo (0.7076)
SL: Below the right shoulder -> 0.70260
Wait for entry! Wait for neckline breakout and pullback!
Wait for pullback (neckline), it should be good entry.
Targets: TP area (agressive)
0.382 Fibo (0.7076)
SL: Below the right shoulder -> 0.70260
Wait for entry! Wait for neckline breakout and pullback!
Note
Valid pull-back and bounce. Note
Set your SL below the necklineTrade closed: target reached
Conservative Target 0.382 Fibo -> 0.7076 HIT
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