PipTips

BUTTERFLY, RESISTANCE, RIGHT SHOULDER. SELL?

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hello traders! We are seeing a bearish butterfly recently completed. It is time to monitor price for a potential reversal. We seen a retest of the resistance zone and it is by the right shoulder of a possible head and shoulder pattern developing. If this is so, oils we see a bearish run? Please ignore the position box on the chart, this is not a signal. Trade smart don’t gamble!

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.