Potential Head and Shoulders on AUD/USD

29 Nis 2021

Here on the daily chart of the Aussie, we're noticing a potential head and shoulders forming. If we begin to form the right shoulder, I may begin shorting any bounces on the smaller time frames as we approach the neckline. A break of the neckline will confirm the head and shoulders in which case I will wait for a bounce back into the neckline. If we reject, that will be my neck entry.