jamiekent123
Long

AUDUSD Possible Head & Shoulders pattern?

FX:AUDUSD   Australian Dollar/U.S. Dollar
54 0 2
AUDUSD can be seen potentially to be creating a diagonal head & shoulders pattern on the daily. There has been a shift in momentum on this pair recently with bears looking like they have had enough for now.

Buyers are in the market and have been showing signs of divergence, with a possible continuation of a retrace upwards through the weekly trend.

TP3 is at 38.2 retrace. All other profit targets are retests of previous highs.
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