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BogdanUng

H&S in H&S on AUD/USD

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
BogdanUng Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Head and Shoulders Technical Indicators audusdlong Technical Analysis
5
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supportandresistance headandshoulders indicator audusdlong technicalanalysis
Hello traders,
Today we will discuss AUD/USD. On the Daily chart, we have an inverted head and shoulders (H&S), bullish divergence and stronger resistance. We can look for a long position, and to understand the SL and TP, check the H4 setup. Thank you!
Comment:
Here we can see the H4 setup. Looks like an inverted head and shoulders but it is an ascending triangle. After the breakout, we must see a bullish move till next resistance.
snapshot
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