Potential H&S pattern forming on the Aussie Dollar. Right shoulder has pulled back nicely to the 61.8 fibs line and will hopefully push up to complete the pattern once trading resumes next week. Pattern will be confirmed if the price breaks the neck line at 0.72111. Risky play would be to enter long now, safe play go long once neck line is broken. Lets see how this plays out.
Trade active:
H&S pattern has come together nicely. Looking to buy the break out.