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Euro / Australian Dollar
Short
Updated

Potential Head and Shoulder Pattern Spotted @ EURAUD

187
EURAUD[/symbol Friends, [b]H&S pattern and rising wedge are brewing on EURAUD (1D TF) with a potential price move of about 1000 pips (10,000 ticks) if measured from resistance area formed by left shoulder (potential right shoulder) to height projection of the H&S from it's neckline. 2 sell positions will be appropriate with TP1 @ the neckline while TP2 @ the end of the rising wedge. Good luck to us all. PPPDirhams... Follow my ideas at your own risk!
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The right should have formed nicely as expected. Shoulder level may be retested
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Pin bar formation is just a confirmation that right shoulder formation is been completed. Now we expect a huge fall to -1000pips (10,000 ticks)
Kingsley_lotanna
Also on:
Chart PatternsEURAUDeuraudanalysiseuraudforecasteuraudideaeuraudselleuraudsetupeuraudshorteuraudsignaleuraudtradeTechnical IndicatorsTrend Analysis

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.
Chart PatternsEURAUDeuraudanalysiseuraudforecasteuraudideaeuraudselleuraudsetupeuraudshorteuraudsignaleuraudtradeTechnical IndicatorsTrend Analysis
Kingsley_lotanna
Also on:

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.