Head and Shoulder Pattern on AUDUSD @ .618 Fib Retracement 1H

2 de jan. de 2015

Ran my Fibonacci tool from the swing high at 0.827 cents to the swing low at around 0.80 cents to get a .618 retracement resistance level at around 0.820 cents. Confirmation was made with a beautiful head and shoulders chart pattern directly on that level with a broken neckline to the downside. Did I get the targets right? Haha, still new to Fibs. c;