Possible reverse H&S forming on AUDJPY Weekly chart
Now that AUDJPY has reached my target (from last Friday - see previous chart) of 76.1 I'm looking for a neckline break of a possible reverse H&S on on the weekly chart. There's also a smaller possible H&S forming on the H4 chart that coincides.
A WEEKLY close above the neckline and the EMA 50 week line will show more bullish potential in this pair.
Look left for possible areas of resistance along the way to my target of 82.
Feel free to like and / or leave a comment with your views.
A WEEKLY close above the neckline and the EMA 50 week line will show more bullish potential in this pair.
Look left for possible areas of resistance along the way to my target of 82.
Feel free to like and / or leave a comment with your views.
Comment:
No sign of break of upper neck line on D or W chart. Another trader has pointed out on 30m chart a bearish H&S formation. It's possible some small correction before a retest of the neck line OR a trend reversal. Either way no trade for me here today.
