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The Head and Shoulders pattern has formed on the AUDUSD D1 chart. The head high is at 0.7238, while the neckline passes through 0.6923/0.6905. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal. FX.co ★ AUDUSD D1: Head and Shoulders
Signal strength 5 of 5
AUDUSD D1: Head and Shoulders
The Head and Shoulders pattern has formed on the AUDUSD D1 chart. The head high is at 0.7238, while the neckline passes through 0.6923/0.6905. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade