jackjamesholmes

EURAUD Head and shoulders forming

Short
jackjamesholmes Updated   
FX:EURAUD   Euro / Australian Dollar
Simple head and shoulders play - worth noting that Euro looks very weak against USD since NFP and the level of bullish commitment on the Euro provides a lot of potential to unwind. Without worrying too much about fundamentals, though, this pattern looks to be setting up nicely. Wait for the neckline to break!
Comment:
The head and shoulders pattern has repeated itself, and looks like a double top on the higher timeframes. Still looking for a proper break but I think this short could still work out
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