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The_Cannalyst
Jul 12, 2015 5:55 PM

Retest neckline? 

Australian Dollar/U.S. DollarFXCM

Description

The H&S is triggered. The neckline is based at the "2" - a break of it a nice 1-2-3 pattern (tradingview.com/chart/EURUSD/Xjknpt4S-Introduction-into-1-2-3-Trading-Pattern/) IMO a retest of the neckline should be exspected before the final "sell-off" comes.
A retest is typical for H&S and a good entry for shorts for those who have missed the train. :-) Perhaps this could be a nice example for a Ross Hook.
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