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AUDUSD: Bullish Head and Shoulders at a 0.786 Retrace

Long
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
RizeSenpai  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Chart Patterns Technical Indicators Trend Analysis USD invertedheadandshoulders Bullish Engulfing
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chartpattern indicator trendanalysis usd invertedheadandshoulders bullishengulfing
AUDUSD appears to have confirmed the potential right shoulder of a Bullish Head and Shoulders pattern after Bullishly Engulfing with Bullish Divergence at the 0.786 Fibonacci retrace. If it plays out I think AUDUSD has potential to go all the way up to the 61.8% retrace at $0.70, from there I think the bearish trade would continue.

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