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According to the chart of M30, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6390 while the median line of the Neck is set at 0.6427/0.6424. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of AUDUSD will go towards 0.6454. FX.co ★ AUDUSD M30: Inverse Head and Shoulder
Signal strength 3 of 5
AUDUSD M30: Inverse Head and Shoulder
According to the chart of M30, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6390 while the median line of the Neck is set at 0.6427/0.6424. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of AUDUSD will go towards 0.6454. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade