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AUDUSD Pending Head & Shoulders Pattern To Push Price Higher

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Fxprotrader Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD Head and Shoulders
41
11
audusd headandshoulders
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..

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