AUD/USD pair has formed a head and shoulders pattern on the 4-hour timeframe, indicating a potential trend reversal.
A short entry will be executed upon a retest of the neckline on the lower timeframe.
The first target is set at a 1:2 risk-reward ratio, and the second target is at the 4-hour demand level.
Who else is watching AUD/USD?
A short entry will be executed upon a retest of the neckline on the lower timeframe.
The first target is set at a 1:2 risk-reward ratio, and the second target is at the 4-hour demand level.
Who else is watching AUD/USD?
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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.