Technician
Short

AUDUSD: Pullback Before Resumption!

FX:AUDUSD   Australian Dollar / U.S. Dollar
606 4 9
-Bullish rally extended on Inverted head and shoulders breakout.
-Price hit 0.9280 resistance level , showing pin bars at resistance
-A pullback looks likely for a possible retest of the broken neckline, target near 0.9135.
-A break above 0.9280(daily closing) may negate the pullback scenario extend the upside initially to 0.9349( 1.618 extension ).
-Full target of the pattern is above 0.9450.

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thanks for the hint!
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Great chart! I totally agree. I'm waiting for a retracement to 0.9100 - 0.91500 to enter long. I do not want to play a short until there, because the risk/reward doesn't seem that great.
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Err, I meant overbought. LOL
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I'm short on this from .9230; Interestingly it's almost at the 150 sma, so selling short is with the trend imo. Plus it's oversold.
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