AUDUSD: the price is uncertain what it wants to form a pattern
Yes this is definitely not the most obvious Head and Shoulders in the world. And during the previous growth and during the formation of the "head", and now the second shoulder, the price behaves very sharply and makes strong corrections. However, we can still expect that after the completion of the growth within the framework of the formation of the second shoulder, the price will collapse by the volume of the previous trend. Let's take the intermediate target for now - 0.771.
SL - 0.785.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 0.785.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Note
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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.
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.