MtxTrader

AUDUSD 4h Inverted Head and Shoulders

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
So far, this is only a theory as the second shoulder has not been formed yet. If I do see this pair starting to weaken, I will sell with a target of near the support, around 0.7300.

Although two possibilities are mapped out by the red arrows, the green lines show where I think price is likely to move.
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