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realMarketSurfer

$AUDUSD - Head and Shoulders

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Dollar Australia / Dollar AS (FX:AUDUSD)  
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FX:AUDUSD   Dollar Australia / Dollar AS
Head and Shoulders Elliott Wave Trend Analysis AUDUSD aud australiandollar DJ FXCM Index Forex forextrading
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headandshoulders elliottwaves trendanalysis audusd aud australiandollar usdollar forex forextrading
Hello everyone!

Head and shoulders pattern spotted on AUDUSD, last correctional drop includes 5-wave pattern, hence could be considered as a wave A of the correction, the level $0.77350 bears a strong resistance, hence that could be the end of wave B which is being formed right now.

Enter here with a small SL or wait for the breakout of the neckline. Breakout of the neckline is the confirmation of the formation of the Head and Shoulders pattern.
Trading ditutup: stop tercapai

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