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RaynLim

AUDUSD - Head and Shoulders

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
RaynLim  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Head and Shoulders Candlestick Analysis Oscillators askforex100 AUDUSD Candlestick analysis trendtrading stretch rsioversold restest
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headandshoulders candlestick oscillator askforex100 audusd candlestickanalysis trendtrading stretch rsioversold restest
A Head and Shoulders retest is not exactly common. Since the market has stabilised from the fall, it is a good opportunity to reengage the trade. The previous high would be the area I'm looking to shift my stop to entry and I'll observe closely at that level.

Break and close above the high at 0.7850 would be preferred.
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