EUR/AUD: Head and Shoulders in progress

Hey guys,

I am about to short the pair as soon as I see a bearish evidence on H1 or H4.

It looks like the H&S pattern is nearly complete. Both targets shown in my chart.

Cheers

Jesse

Comment:

Will short if the current H4 bar engulfs the previous one.

My 1st target: 1.59300

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Notice how volume is increasing while price is going down

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Trade closed: target reached

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Ok things are getting serious now ;-) Let’s wait a successful test of the neckline and then short it again. This time it should fall even harder. But this trade is not yet in place.

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===> Trade to come, IF the neckline is successfully broken. No rush for the moment :-)

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Hey guys,

Big macro day today.

For those of you trading, here could be a nice small trade.

H&S completion pattern, rejection at the right leg, sell only if it breaks the trend line downwards.

Cheers
Jesse

Comment:

===> Next target is 1.58500

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Trade closed: target reached:

My target of 1.58500 was hit

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Final target still in play