Hello everyone!
Head and shoulders pattern spotted on AUDUSD, last correctional drop includes 5-wave pattern, hence could be considered as a wave A of the correction, the level $0.77350 bears a strong resistance, hence that could be the end of wave B which is being formed right now.
Enter here with a small SL or wait for the breakout of the neckline. Breakout of the neckline is the confirmation of the formation of the Head and Shoulders pattern.
Head and shoulders pattern spotted on AUDUSD, last correctional drop includes 5-wave pattern, hence could be considered as a wave A of the correction, the level $0.77350 bears a strong resistance, hence that could be the end of wave B which is being formed right now.
Enter here with a small SL or wait for the breakout of the neckline. Breakout of the neckline is the confirmation of the formation of the Head and Shoulders pattern.
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