Buy opportunity, xauusd, inverted H&S pattern

9 ott 2019

An Inverted head and shoulder set up is seen on the XAUUSD pair’s 4 hour chart. The neckline of the pattern is formed around the 1510 handle. It can be noticed the pair is attempting to breach its neckline area which brings a good opportunity to capture the upside move in the pair. The upside in the pair is till the 1518 level which is also the target for the pair with nearest stop loss set at 1502.