By Jerry Furst- Sr Analyst “1st on Forex” www.Investors-Education-Network.com
Triangle and Inverse Head and Shoulder Complete Their Pattern Targets
AUD-USD 60 Min Chart 24 Hours Later (Click on chart to Enlarge) shows the
Triangle and Inverse Head and Shoulder complete their pattern targets - The Inverse Head and Shoulder Pattern failed with respect to being a “bullish” pattern - but as often happens, if the pattern fails it will make a double bottom. And that’s what happened - as you can see the chart pattern target drawn the previous day was indeed hit and was exceeded.
Previous Days Post
AUD-USD 60 Min Chart February 22, 2010 - Previous Days Blog Post shows the potential chart patterns that indeed hit and exceeded its targets. (Click on charts to enlarge)
Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.
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