Good morning, traders.
on audusd pair we have nice head and shoulders pattern in a clearly overbought market.
Just couple of hours ago the market has violated the neckline.
It gives us an opportunity to sell the market anticipating a bearish movement.
Targets are based on structure.
Stop is above head.
Good luck!
Comment:
one more retest of neckline
Comment:
Bounce from 0.72
Comment:
again the market is below the neckline
Comment:
hit the initial target
Trade closed: target reached
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