themarketzone

Weekly False Break - Head & Shoulders in focus

FX:AUDJPY   澳元/日圓
Last week AUDJPY spiked 600 pips (low volume - holidays market)
The Bears tried to trigger a weekly H&S pattern by closing below the neckline - They failed.

It looks like we can see a short term pullback in AUDJPY... but pay close attention to that weekly H&S pattern as the year progresses.

Happy 2019!

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