AUDUSD inverse head and shoulders Long Signal
The AUDUSD pair has been trading in the downtrend channel since forming the double top. Recent breakout to the upside of the channel has formed a possible inverse head and shoulders, meaning the pair could see upside in the near future.
entry on a retest near the 0.73 area aggressive entry 0.727
Stop - 0.716 (below right shoulder)
TP - 0.757
Risk reward: 2.89
Will be looking to see if entry conditions present following Mondays session.
entry on a retest near the 0.73 area aggressive entry 0.727
Stop - 0.716 (below right shoulder)
TP - 0.757
Risk reward: 2.89
Will be looking to see if entry conditions present following Mondays session.
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