AUD USD head and Shoulder pattern COMPLETED

2021年7月20日

I think the HS pattern has completed its course and hit a support trendline of the newly created descending channel. We hit the target (more or less) much faster than expected and therefore its time to lock in some of the profits and see what comes next.

Possible bounce from current levels may occur and then would continue sliding to 0.69912 (support red line). Could be creating another bigger HS pattern.

Just sharing possible prices moves of this pair for your trading ideas.

Cheers