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FX.co ★ AUDCAD M15: Head and Shoulders

AUDCAD M15: Head and Shoulders

Head and ShouldersThe Head and Shoulders pattern has formed on the AUDCAD M15 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 0.9961/0.9961 may confirm the bearish reversal.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph