Inverted Head & Shoulders - Long Idea
Good morning traders,
The AUDCAD is facing a change in trend with an inverted head and shoulders formation setting up.
There has also been a channel breakout from the falling trend line.
The AUDCAD has set up a higher low suggesting a bullish trend with the 23% FIB retracement providing support.
Any SL will need to go below the most recent swing low with the take profit targets going near the 1.618% FIB extension.
Any thoughts or comments are welcome!
The AUDCAD is facing a change in trend with an inverted head and shoulders formation setting up.
There has also been a channel breakout from the falling trend line.
The AUDCAD has set up a higher low suggesting a bullish trend with the 23% FIB retracement providing support.
Any SL will need to go below the most recent swing low with the take profit targets going near the 1.618% FIB extension.
Any thoughts or comments are welcome!
Trade closed: target reached
