We have a possible H&S here. We are at the neckline finishing the right shoulder and the support of 200 EMA.Breaking that support will initiate a strong sell off, which can send us to the targets of that H&S.
Trade with care and good luck everyone:)
Long Australian Dollar.
We have clear break up and retest of the downtrend channel which find a support at 0,5 fib retracement of the last big up move.
Trade with care and good luck every one :)
Possible H&S here. I'll watch will the price confirm that H&S, in the next few hours. Breaking the level of 83.000 will not be only a confirmation of the H&S will be also a break of two other supports. The up channel and 200 EMA.
Trade with care and good luck everyone!