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WicktatorFX
19 de Mar. de 2021 15:44

AUDUSD - Head And Shoulder - Reversal Pattern 

FX:AUDUSD1D
Australian Dollar/U.S. DollarFXCM

Descripción

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AUDUSD has presented us with a nice reversal pattern at the end of a bull run indicating that it is about to reverse.

If you haven't entered already, wait for the break of the neckline and a retest.

See links below for more in-depth charts and analysis.

Trade Safe!
Trend AnalysisChart PatternsWave AnalysisAUDUSDUSDDXYdollarDJ FXCM IndexsignalEURUSDGBPUSDxaausd
Comentarios
enayat1360
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awesome 👍
pritamjajodia
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neckline dosent seem to be proper.. plz correct me if i am wrong...
WicktatorFX
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@pritamjajodia, hi pritam, neckline doesn’t have to be straight. It can be at an angle. Look for Quasimodo reversal patterns on google. Let me know if you have any other questions
pritamjajodia
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@Wicktator, thanks for the information
WicktatorFX
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@pritamjajodia, are you in the telegram
Sophiaelias
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When you say a retest, meaning goes up to the 78/80 level then goes down?
WicktatorFX
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@Sophiaelias, good question Sophia. I’m looking for it to drop now and then make a retracement back to the 76 level where we can see a bit of structure. Will look to short around there. But it depends where the retracement finishes. We can draw a correction on the retracement and enter on the break of correction
Sophiaelias
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Looking at the DXY higher time frame it still looks like it will go bearish for a little bit then a large upside. Does that sound plausible?
WicktatorFX
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@Sophiaelias, yeah completely plausible. I’ll send you an updated DXY chart today :)
WFFX
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This is a beauty of a set up, let’s get it 🔥
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