Ding Dong -Target 2 reached

FX:AUDUSD   Australian Dollar/U.S. Dollar
46 0 7
These days we have reached the TP2 of the SHS             .

former Analysis:
New Cyclical Low?
New Cyclical Low?

The neckline Support turned into a resistance. The main trend is still bearish . With Prices less than 0.726 i exspect the next downwave to my max. target shs             @0.7036
The Chart only turns bullish with Prices above 0.7462

AUDUSD             reached Target1 TP1
AUDUSD reached Target1 TP1

The Pair reached TP1, the min. target of the shs             . Now target 2 @ 0,7 can be aimed.

Retest neckline?
Retest neckline?

The H&S is triggered. The neckline is based at the "2" - a break of it a nice 1-2-3 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.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out