Potential Head and shoulders pattern nearly formed on the daily chart of the AUD/NZD pair
im already long from 1.0550..
200 sma around the same area as the neckline will be keeping a close eye on this to see if it breaks if so will add to my current position on the re test
Price has broke the descending triangle and now retesting the triangle also a continuation head and shoulders pattern with a nice bit of confluence of the neckline and 38.2% fib lining up.. 2 shooting star like candles showing price is getting rejected from higher levels but Fridays candle was pretty strong bullish candle so will wait to see how it plays out...
Head and shoulders on the AUD/JPY pair 1 hour chart.. pattern nearly completed.. im already short got in @ 80.250 as also in a descending channel on the daily and touched the resistance..
neckline of the H&S in line with the minor ascending channel resistance once price breaks these levels with add to my position on the retest
Potential head and shlders pattern forming on the AUD/NZD 4 hour chart bulls look like they're really struggling to take prices higher.. also price at the neckline of a inverse head & shoulders on the daily chart
Bullish flag on the 4hour chart.. maybe pull back a bit lower and test the ascending channel support and & 0.236% fib from the daily chart .. will enter a trade once its broke the flags resistance with a main target of the 1.618 extension
4 HOUR CHART HEAD AND SHOULDERS PATTERN FORMING.. BY THE LOOKS OF IT BUYING PRESSURE IS RUNNING OUT FAILING TO MAKE NEW HIGHS AND COME TO A HALT AT THE TRIANGLE RESISTANCE & 61.8% FIB RET
