ANALYSIS ON AUDJPY 3 HOURS

21 thg 4, 2020

initially, price formed a head and shoulders pattern on the 3hr timeframe, broke the neckline and it's almost making a retest to the neckline. on the 2hrs timeframe too, price has completed an ABCD harmonic pattern hitting it's first tp at the previous support level and reaching for the second tp which is at the next support level which also corresponds the neckline of the head and shoulders formed on the 3hr timeframe. after this retest, we might see price pulling back to complete the height of the H&D pattern it had formed on the 3hr timeframe

• ABCD HEAD AND SHOULDERS