This is my AUD/USD 4-hour chart and this is how I see the current structure. After a strong move higher, price is now showing signs of exhaustion and has started forming a potential Head and Shoulders reversal pattern.
The left shoulder, head, and right shoulder are clearly visible, but the setup is not confirmed yet. The key level to watch is the neckline support. I want to see a strong break and a candle close below this area before considering any sell opportunity.
If the neckline breaks successfully, it could signal that sellers are taking control again and open the way for a move toward the 0.69200 area.
Until that confirmation happens, this is only a potential reversal pattern, not a completed setup. If buyers manage to defend the neckline and push price back higher, this idea will no longer be valid.
Entry Reasons:
The left shoulder, head, and right shoulder are clearly visible, but the setup is not confirmed yet. The key level to watch is the neckline support. I want to see a strong break and a candle close below this area before considering any sell opportunity.
If the neckline breaks successfully, it could signal that sellers are taking control again and open the way for a move toward the 0.69200 area.
Until that confirmation happens, this is only a potential reversal pattern, not a completed setup. If buyers manage to defend the neckline and push price back higher, this idea will no longer be valid.
Entry Reasons:
- Head and Shoulders reversal structure
- Strong rejection from resistance
- Possible bearish momentum shift
- Neckline breakdown confirmation needed
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.