head and shoulders pattern on overbought market

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!

Komentarz:

one more retest of neckline

Komentarz:

Bounce from 0.72

Komentarz:

again the market is below the neckline

Komentarz:

hit the initial target

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