Head N Shoulder forming, resistance there is touched, we should expect a flag if not the completion of the leg towards the neck. Also confirmed by the leg "d" is forming, check my previous analysis from June 29
Entry at 110.000 selling to 108.263. Im testing this new bollinger strategy Ive learnt from a friend. Lets see if it works.
I saw this pattern past few weeks with a very good result. Here it is again, we are selling here down to "c". Please advisee if you have a better opinion or a different one.
Head N Shoulder forming, wait for break of the neck
EURUSD is still bearish towards the highlighted area"gap" , you either join in when the neck of the HnS breaks or you can simply put your entry order for selling wehre the gap begings and SL where it ends. Its safer.
To confirm or agree to the Daily analysis I posted , there is also the similar pattern of double bottoms on the H4 charts.
There is a possible formation of a double bottom here, note that the expanding triangle of 5 waves has been broken out. The confirmation of the change of the trend is the retracement towards the previous support/trendline then back down. If the change of trendline is true, then the forming of the double bottoms is relevant and expected as the retracement. Id...
DESCENDING TRIANGLE FORMING ON THE NECK OF WHAT I HAD PREVIOUSLY SEEN TO BE A HEAD AND SHOULDER, NOW I AM NOT 100% CERTAIN ABOUT THIS AS IT STILL HAS TO GO HIT "C" OF THE TRIANGLE. IT COULD POSSIBLY BREAK OUT THE TRIANGLE AND GO FOR COMPLETING THE RIGHT SHOULDER THEN COME DOWN.
This has been one of my most successful pairs
In this analysis I share my views of the possible head and shoulder and trendline breakout, which both confirm the strong sell on AUDUSD.
After a while not checking the charts, this is my view on this pair