AUD/USD Inverse Head and Shoulders

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Since the beginning of the week up to this point the 1H chart has been creating a series of rebounds to create an inverse head and shoulders pattern. The neckline is running in at 120 pips which creates potential for a 120 pip trade after breaking the resistance.
Note
Neckline is holding as resistance but bullish triangle is forming.
Chart PatternsTrend Analysis

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