Ep 147 Inverse head and shoulders

Ep 147 Inverse head and shoulders On the AUDUSD Wednesday daily candle you had a lower low than the day before and a higher close than the open, that is 2/3rds of an inverse head and shoulders pattern. So, we go down to the H1 chart and you can see you have your left shoulder followed by the head, so now we are waiting for right shoulder to form. Price comes back to the level and gives an entry signal.
Checking Forex Factory, we find there is an announcement on the USD. So that means no trading (my rules). I followed up with two more screen shots. You could have been in, out and happy but rules are rules.
So, it is the right shoulder you are looking for to form and an entry signal of a level.

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