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Antonio_trader

AUDUSD, reverse H&S neckline broken

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Antonio_trader Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Chart Patterns AUDUSD reverseheadandshoulders LONG
6
0
chartpattern audusd reverseheadandshoulders long
While the right shoulder turned into a double shoulder, the pattern broke the 38% fib level and the neckline of the pattern.
Could add to a position after breaking 50% fib level.

Happy Trading!
Comment:
Perfect retest of the neckline and price continues up now. 200 SMA on a 4 hour chart is the first obstacle in the way.
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