EURAUD: Completed Head & Shoulder pattern Short

Euro Fx/Australian DollarFXCM

Description

⋅ Dec 14, 2017 2:33 PM

1.Price completed a H&S pattern
2.Price tested neckline with a big bearish engulf candle.
3. Second test was 200 EMA with another 240 min bearish pinbar candle with long shadow.
4. Growing momentum to downside
(Green boxes are strong support zones)

Good Luck!

Comment

⋅ Dec 14, 2017 2:34 PM

60 min chart and with resistance trend line.

Comment

⋅ Dec 14, 2017 7:07 PM

First zone reached +85 pips

Comment

⋅ Jan 11, 2018 1:12 PM