This bearish H&S pattern on the GBP/AUD wasn’t the cleanest of patterns but did end up delivering over 550 pips in a bearish follow through move.
24th March 2014: This bearish pattern and TS signal was noted in my write up on the 24th March 2014.
The bearish H&S pattern setting up on the daily chart looked to come back to life last week. There was a break of the neck line, which was subsequently tested, and it remains to be seen if there will be bearish follow through now. I received a TS ‘short’ signal off my Friday night candle.