AUD/USD The Right Shoulder
Chart: 4HR Time Frame
Market: Bullish (4HR to Weekly)
1. Triple top on daily chart
2. Short term trendline support break
3. Double top candle stick pattern on the right shoulder of H & S pattern + high test candle
4. Head and shoulders pattern
5. Daily price action rejecting weekly & monthly dynamic trendline resistance (Above the H&S pattern)
Note: An ideal short with an exit target @ the H&S neckline, however this pair does have the potential
to move further to the downside and will likely see price move to 0.75500.
Market: Bullish (4HR to Weekly)
1. Triple top on daily chart
2. Short term trendline support break
3. Double top candle stick pattern on the right shoulder of H & S pattern + high test candle
4. Head and shoulders pattern
5. Daily price action rejecting weekly & monthly dynamic trendline resistance (Above the H&S pattern)
Note: An ideal short with an exit target @ the H&S neckline, however this pair does have the potential
to move further to the downside and will likely see price move to 0.75500.
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