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RealDealForexEducation

AUDUSD Head and Shoulders Sell Setup

Short
British Pound / Japanese Yen (FX:GBPJPY)  
RealDealForexEducation  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns short shortsetup
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trendanalysis chartpattern short shortsetup
AUDUSD formed a head and shoulders. The neckline was broken forming the H and S. The re-test was obeyed and bounced off the neckline confirming resistance. Bearish momentum starting to pick up steam to move to the trend line. Blue line is for entry. Red line for Stop Loss and Green line for Take Profit. 2.5:1 Risk ratio.
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