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Dollar Australia / Dollar AS
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Diupdate

head and shoulders pattern on overbought market

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Good morning, traders.

on audusd pair we have nice head and shoulders pattern in a clearly overbought market.
Just couple of hours ago the market has violated the neckline.
It gives us an opportunity to sell the market anticipating a bearish movement.

Targets are based on structure.
Stop is above head.

Good luck!
Catatan
one more retest of neckline
Catatan
Bounce from 0.72
Catatan
again the market is below the neckline
Catatan
hit the initial target
Trading ditutup: target tercapai
VasilyTrader
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Juga di:
Head and ShouldersTechnical IndicatorsSupport and Resistance
VasilyTrader
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