AUDUSD Posed for Retest of resistance 30m Head and shoulders
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
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