AUDUSD: INVERSE HEAD & SHOULDER PATTERN COMPLETE ON 4H CHARTS

AUDUSD is has completed an inverse head and shoulder pattern on 4H TF. Now it has set firm sight on the next high at 0.73400 which also happens to be an upper end of a descending parallel channel on daily TF.

Strong concrete support lies at 0.7000 monthly support.


This analysis is not meant to be a trading signal nor financial advice! Its highly advisable to perform your own analysis and trade markets at your own risk. Please LIKE & FOLLOW if you found this analysis helpful in assisting with your own personal analysis. Cheers