crazymaxs.sutton
Long

AUDUSD Posed for Retest of resistance 30m Head and shoulders

FX:AUDUSD   Australian Dollar/U.S. Dollar
Don't think the head and shoulders will pull through but I do believe we will be able to test that resistance one more time before heading south. As I have a Bullish sentiment towards the dollar still.

Reasons I don't think we will see a run past the resistance.

End of 5th wave came to fruition harmonic move for the first leg.
Missing fundis for AUD to kick the USD butt.
Right shoulder of head and shoulder lower then left. Weak in the HS pattern.
Retested below the Collar of HS.

Reasons I think we will see a bounce.
Decent support
RSI Pull back in the range we would normally see for trend continuation longs.
Higher High Higher Low.
2 to 1 RR :D
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out