AUD/USD Head and Shoulder pattern in 4HR/DAILY timeframe
Bulls gather 0.693 resistance before pushing downwards for H&D shoulder support
Target below 0.680 support bearish move
VFI_LB cross for trend to bulls or bears
Watch for economic calendar release and volume
EURUSD has fallen last week and it will continue droping other 100 Pips until touhing the monthly trend (red line). The question is if after that it will break out or reverse.
I think we really did find a bottom on the daily. Been tracking this pair for awhile now. It has the makings of a pair due for 50 - 100 pips, if you are a swing trader. I do not day trade so all charts I post will be for traders who have the patience for longer timeframes. 4 - Weekly charts. Although the chart has all the makings for a good trade based on the...
