We have an analysis of the AUDUSD H1 chart.
This Analysis is Based On Price Action Theory.
This analysis indicates that the price is moving in an ascending channel with multiple pullbacks & bouncebacks. We found an inverted head & shoulders pattern during this analysis.
Both shoulders & head have already been completed & the price is moving toward the nickel line. If the price breaks the neckline, we have a target for the upside near 0.68344. However, if the price fails to break the neckline then we have two target prices near the downside, 0.66712 & 0.65849
This analysis indicates that the price is moving in an ascending channel with multiple pullbacks & bouncebacks. We found an inverted head & shoulders pattern during this analysis.
Both shoulders & head have already been completed & the price is moving toward the nickel line. If the price breaks the neckline, we have a target for the upside near 0.68344. However, if the price fails to break the neckline then we have two target prices near the downside, 0.66712 & 0.65849
Comment:
As per head & Shoulder Rule structure have been completed.
