EURAUD H&S Sell bias
Confluences
- Price has had an impulsive move to the downside breaking through a double bottom and a psychological level of 1.6 which has previously been well respected
- Head and shoulders pattern where we have now broken through the neckline
- Previous strong bearish weekly and monthly candles so we are aware that sellers are in control on the higher timeframes
- On the weekly timeframe looks like one large head and shoulders pattern
- Price has had an impulsive move to the downside breaking through a double bottom and a psychological level of 1.6 which has previously been well respected
- Head and shoulders pattern where we have now broken through the neckline
- Previous strong bearish weekly and monthly candles so we are aware that sellers are in control on the higher timeframes
- On the weekly timeframe looks like one large head and shoulders pattern
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.