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NDOBObanks

AUDUSD Head and Shoulders Pattern Breakout Short!

Short
Australian Dollar / U.S. Dollar (SAXO:AUDUSD)  
NDOBObanks Updated   
SAXO:AUDUSD   Australian Dollar / U.S. Dollar
Chart Patterns Trend Analysis Wave Analysis audusdshort audusdforecast audusdsignal audusdanalysis audusdidea audusddaily audusdlongsetup headandshouldersformation headandshoulderscomplete
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chartpattern trendanalysis waveanalysis audusdshort audusdforecast audusdsignal audusdanalysis audusdidea audusddaily audusdlongsetup headandshouldersformation headandshoulderscomplete
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline supports our directional basis.
Comment:
Trade has reached the 50% of the move. We expect a pull back before the continuation to the downside.
Comment:
Trade is approaching 80% of the move. The USA market open is approaching so anything can still happen hence its important to stick to your risk management rules.
Trade closed: target reached:
We are done for the week. Happy weekend to all.
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