H&S in monthly chart and AUDUSD broke out of the channel line.
BIG ANALYSIS:H&S in WEEKLY chart! very strong sell signal!(1st)
SMALL ANALYSIS:As long as it has broke the strong uptrend parallel channel line,so it will turn into down trend.(2nd pic)
Plus there was clear technicalH&S when break out the channel line.(3rd pic)
as you can see it has rebounded at the trendline of parallel channel after breaking out and dipped.basically,support turned into resistance.(2nd pic)
so we sell it.
and HOLD!
LC at above the trendline
tp at 0.64
SMALL ANALYSIS:As long as it has broke the strong uptrend parallel channel line,so it will turn into down trend.(2nd pic)
Plus there was clear technicalH&S when break out the channel line.(3rd pic)
as you can see it has rebounded at the trendline of parallel channel after breaking out and dipped.basically,support turned into resistance.(2nd pic)
so we sell it.
and HOLD!
LC at above the trendline
tp at 0.64
2nd pic is
3rd