head and shoulders pattern on overbought market

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snapshot

Good morning, traders.

on audusd pair we have nice head and shoulders pattern in a clearly overbought market.
Just couple of hours ago the market has violated the neckline.
It gives us an opportunity to sell the market anticipating a bearish movement.

Targets are based on structure.
Stop is above head.

Good luck!
Uwaga
one more retest of neckline
Uwaga
Bounce from 0.72
Uwaga
again the market is below the neckline
Uwaga
hit the initial target
Transakcja zamknięta: osiągnięto wyznaczony cel
Head and ShouldersTechnical IndicatorsSupport and Resistance

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