AUD/USD H1 - Head & Shoulders Breakdown
AUD/USD has printed a clean Head & Shoulders pattern on the H1 timeframe , signaling a potential trend reversal after a strong bullish run. Price has now broken below the neckline, confirming bearish momentum and opening the door for a deeper correction. OANDA:AUDUSD
Technical Analysis
Classic Head & Shoulders formation
Left Shoulder Head Right Shoulder clearly respected
Neckline break confirms bearish bias
Momentum shifting from bullish to bearish
Downside targets:
1.First Key Support Zone
2.Psychological level & lower demand zone
As long as price stays below the neckline, bearish continuation remains favored.
Psychological Discipline:
1Stick to plan No Revenge Trades.
2Accept losing trades as part of the strategy.
3Risk only 12% of your account balance per trade.
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Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Forex trading involves high risk. Trade only with capital you can afford to lose and always do your own research.