EURAUD Short

Oct 29, 2019

Simple and clean setup for this trade. Price has finally broken through the support zone and now looking to go down. On higher timeframes there is a head and shoulders pattern which I have been keeping an eye on for almost a month now. Neckline is around 1.59000 but may find another opportunity to sell to that level (could bounce off trendline so TP level is at blue line.

NOTE: analysis has been simplified for leverage. All published charts are for journal entries. This is not a signal.

Oct 29, 2019

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4H view of head and shoulders

Oct 29, 2019

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1D view (bigger picture)

Oct 29, 2019

Trade active

Nov 5, 2019

Trade closed: target reached

TP hit +94 pips

Nov 5, 2019

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