CoinCaller

AUDUSD H&S FORMED UPSIDE POTENTIAL?!

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
HERE WE HAVE AN INVERTED H&S FORMATION WHICH IMPLIES A POTENTIAL BULLISH REVERSAL, I HAVE MARKED UP ENTRY SL AND TP BUT COULD ALSO WAIT FOR BREAK OF NECKLINE FOR SAFER ENTRY AS THIS HAS BEEN ON AN AGGRESSIVE DOWNTREND. I WILL BE LOOKING FOR STRONG PRICE ACTION TO CONFIRM ENTRY.
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