To confirm the previous AUDCAD chart using Inverse H&S
This is what happened "next" following my previous post earlier today: a formation on an INVERSE Head and Shoulders pattern.
Clearly we see that after a downtrend, a middle head with 2 shoulders are formed. This may indicate again, an uptrend of this pair currency. I will choose a target TP at the same high as the Neckline to tip of the inverse Head (around 0.99634). BUT do not forget the coming NEWS at 2.30am that will affect AUD!!
Clearly we see that after a downtrend, a middle head with 2 shoulders are formed. This may indicate again, an uptrend of this pair currency. I will choose a target TP at the same high as the Neckline to tip of the inverse Head (around 0.99634). BUT do not forget the coming NEWS at 2.30am that will affect AUD!!