AUDUSD: Head And Should Neckline Breakout 😱

٨ فبراير

Price has formed a head and shoulder pattern and as you can see, price has broken out of the neckline which also aligns with the 38.2% and the 78.6% fib retracement.
I believe a retracement to the neckline a rejection could drive the price lower to the support level which is also a pullback support.