Hi Traders!
We have a potential Head and Shoulders opportunity on the AUDUSD 1H chart.
The price action is telling us that there is a bearish bias here; we have broken below both our 20 EMA and middle Band, and we are near the neckline of the pattern.
We are now looking for a break and a close below both the neckline and lower bollinger band to target 0.65271.
As long as we remain below the 20 EMA and middle band (we MUST stay below the 20 EMA and middle band), our bearish view will continue.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
We have a potential Head and Shoulders opportunity on the AUDUSD 1H chart.
The price action is telling us that there is a bearish bias here; we have broken below both our 20 EMA and middle Band, and we are near the neckline of the pattern.
We are now looking for a break and a close below both the neckline and lower bollinger band to target 0.65271.
As long as we remain below the 20 EMA and middle band (we MUST stay below the 20 EMA and middle band), our bearish view will continue.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
Note
Break below neckline, 0.65271 reached. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.