SlovakTrading
Long

AUD/USD - Inverse head and shoulders

FX:AUDUSD   Australian Dollar / U.S. Dollar
We can see that on the chart there is building up reversal pattern - Inverse Head and Shoulders . This is bullish reversal pattern and important is close above the neckline.

Wait for pullback (neckline), it should be good entry.
Targets: TP area (agressive)
0.382 Fibo (0.7076)
SL: Below the right shoulder -> 0.70260

Wait for entry! Wait for neckline breakout and pullback!
Comment: Valid pull-back and bounce.
Comment: Set your SL below the neckline
Trade closed: target reached: Conservative Target 0.382 Fibo -> 0.7076 HIT
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