AUDUSD – on the H4 chart is formed H&S formation. The price drawn left arm and head and is currently moving between the shoulder line and the neck line (blue). H&S formation is usually a trend reversal formation, and in the event of breaking down, we could expect declines and their range is the height from the neckline to the top of the head, which is about 100 pips in this case.
If price breaks the top of current consolidation then formation H&S would not be completed and setup will be invalid.
