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AlkalineFX
Apr 6, 2021 10:43 AM

AUDJPY - Too Obvious Long

Australian Dollar/Japanese YenFXCM

Description

This basic head and shoulders pattern after a huge impulsive move to the upside seems too obvious to be the catalyst for a trend change.

I would expect price to at least come up to test the previous high once again before it considers selling off.
Comments
bigmz
how to draw this arrow?
AlkalineFX
@bigmz, Use the curve tool bro
bigmz
tank you 🙏@AlkalineFX
davidbarratt
Head and shoulders fail more than any other retail schematic...
AlkalineFX
@davidbarratt, Couldn't have said it better
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