AUDUSD Reaches Full Upside Target, Consider Shorts Now
Previous Analysis in the related ideas below
-Bullish rally extended on Inverted head and shoulders breakout.
-Price hit 0.9280 resistance level, showing pin bars at resistance
- pullback was shallow towards 0.9200
-The price broke above 0.9280 confirmed 0.9337 and 09445 upside targets.
- I prefer to look for short entries now, as price was rejected at 0.9445 resistance, we will probably see further downside correctional bias, targeting 0.9300 area.
- Note that the Full target of the IHS pattern is near the 0.786 retracement at 0.9522.
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-Bullish rally extended on Inverted head and shoulders breakout.
-Price hit 0.9280 resistance level, showing pin bars at resistance
- pullback was shallow towards 0.9200
-The price broke above 0.9280 confirmed 0.9337 and 09445 upside targets.
- I prefer to look for short entries now, as price was rejected at 0.9445 resistance, we will probably see further downside correctional bias, targeting 0.9300 area.
- Note that the Full target of the IHS pattern is near the 0.786 retracement at 0.9522.
Good Luck, Join me @
twitter.com/thefxchannel
thefxchannel.com
