AUDUSD Pending Head & Shoulders Pattern To Push Price Higher

FX:AUDUSD   Australian Dollar / U.S. Dollar
Price is in a consolidation heading down where will soon reach a key level and complete a reverse head & shoulder pattern. We may enter at the level of previous shoulder for a much better risk/reward trade or wait for price to reverse and break the neckline of the pattern.

Comment: Breakout of trendline and retest..
Comment: Beautiful up move with more than 300 pips gain. I exit this one as i believe we will soon have a reversal. I posted a new idea on this market..
What's your target. I've been long since 0.7164
I will trail this as i believe that it has a big potential up move.. So no profit target.. As far as it can go..
SkyrEk Fxprotrader
Agree, breakout retest yesterday, went even high today after Aus GDP.
+1 Reply
It has good potential for more upside
+1 Reply
Are you in now?
Nicely formed Inverse H&S :)
Thank you SkyEk..!
+1 Reply
I love it
Is the bounce coming of a fork?
Fxprotrader Ichimoku_Trader
That's right mate.. But i won't go long without a buy setup forming in alower timeframe..
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