EURAUD, daily tf, HnS pattern in play
As you can see we spotted a HnS pattern forming and price already broken below the neckline.
Right now is the retest of the broken neckline so we might try selling this pair at this retest.
Notice that price broken below the neckline previously with a strong solid candle so we could see further drop in this pair.
Sell EURAUD 1.5540
Stop loss 1.5590
Take profit 1.5360 (3.6R)
Use only 1-2% risk
Good luck
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.