head and shoulders pattern on audusd

hey traders,

great trading opportunity for you this evening:
audusd has recently reached a decent level of resistance and we see how bulls are becoming weaker and weaker.

and now we see a head and shoulders pattern.
the violation of a neckline is a perfect reason to open short position.

your initial target is based on the pattern range.
and the second target is based purely on structure.

stop is above market high.

good luck!

Kommentar:

market is going down

Kommentar:

retest of neckline

Trade geschlossen: Stop wurde erreicht:

after hitting the initial target we quite