Potential H&S Formation on the AUD/JPY daily and 4H charts
After a sharp decline in the AUD it looks like it potentially has found a previous SR Zone and formed a great looking head and shoulders formation, right shoulder has been set, will it go on to complete the formation?
Stop loss would be below the right shoulder 79.72 with overall target at 81.76 for approximately 159 pips
What do you think are the odds of it playing out?
Not trade advice and my ramblings only
Stop loss would be below the right shoulder 79.72 with overall target at 81.76 for approximately 159 pips
What do you think are the odds of it playing out?
Not trade advice and my ramblings only
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.