AUD/USD - Inverse head and shoulders
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!
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
