AUDUSD on 1hr chart Looks like a right shoulder being formed
As I see this, it’s possible inverse H&S pattern for a potential further upside. The first test for the buyers is this neckline at 0.779 which they have already tested. If they manage A breakout could pave and confirm the way for an inverse H&S pattern.
The inverted is within the head here those shoulders are rounded bottoms
Donajor8
⋅
Closer look it’s just a lower double bottom. There’s a long wick there that void the hs
MANOLIS
⋅
@Donajor8, Hello, thank you for your comment. Probably you might be right..
But I'm not trading candlestick. :)
That's the reason why I'm trying to find all the time patterns/structure with a Linear graph.