AUDUSD: Head And Should Neckline Breakout 😱
Price has formed a head and shoulder pattern and as you can see, price has broken out of the neckline which also aligns with the 38.2% and the 78.6% fib retracement.
I believe a retracement to the neckline a rejection could drive the price lower to the support level which is also a pullback support.
I believe a retracement to the neckline a rejection could drive the price lower to the support level which is also a pullback support.
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