AUDCHF H&S Pattern -- 27/Jul/20

Hello Traders,

Hope you all are doing good!!

AUDCHF looks like forming a H&S pattern. Wait for the Bearish signal at the resistance level .

Below are the technicals & fundamentals for this trade:

1) Speculators shorting AUD.
2) H&S pattern is forming on 4H & 1H.
3) Daily RSI is below 50 on 4H.
4) Lower Highs formed on daily timeframe


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Disclaimer: This is just an idea. Please do your own analysis before opening a position.