#AUDUSD inverted Head & Shoulder pattern

Not only price managed to break above long term bearish daily channel but also seems like price completed a reverse head & shoulder pattern by breaking above the neckline as you can see in the chart.

As a result we can expect to have a bullish continuation move at least towards the bearish trendline on red.

Pull back to the broken neckline would be most favorable setup to go long in this pair.

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Transaction en cours:

in a past few days price been consolidating in a corrective manner which suggest price could continue moving higher towards our target.

Commentaire:

This bearish move could be considered as a pullback towards the neckline of inverted head & shoulder pattern.