dlbsanborn

AUDUSD potential inverse Head and Shoulders

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD had a strong bullish weekly candle close coming out of recent levels. Price is currently trading back down into previous structure and nearing structure that would complete the right shoulder of a potential inverse head and shoulders pattern. Aggressive entries would be around the completion of the right shoulder. Conservative entries would be after some type of bullish confirmation (bullish engulfing out of the completed right shoulder, break and close above the neckline, etc--whatever fits your style).
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