NCHammer

AUD futures possible inverse head and neck

Long
CME:6AM2020   Australian Dollar Futures (Jun 2020)
6A June looks like an inverse head and shoulders forming with the neckline nicely positioned. I would be watching for a break this week and I would be buying the retest of the most recent high prior to the breakout. It needs to break with some strength. I always watch for a fake break which might stitch up some bullishly biased traders. Target would be the highs reached earlier this week

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