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AUDNZD head and shoulders format

Jan.17, 2010 in My Trading Ideas

The following is the hourly chart of AUDNZD as of Jan. 17th, 10 PM EST. If you observe this you can see that there is a head and shoulder format is formed with a neck line. If the neck line is broken with a strong bearish candlestick its a good opportunity to go for a short trade. What do you guys say?

AUDNZD Hourly Chart:

AUDNZD Head and Shoulders Format

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Tags: audnzd currency trading, audnzd head and shoulders, audnzd hourly chart, audnzd neckline, audnzd trading, head and shoulders format

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