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
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out