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yin888
Aug 9, 2019 4:00 AM

EURAUD: Time to short? Short

Euro Fx/Australian DollarFXCM

Description

Possible H&S pattern. If an equal measurement of the chart pattern does indeed play out, 600 pips are up for grab.

Comment

Weekly view: A close back in would be crucial and optimal

Comment

Daily view: Pinbar followed by a strong bearish engulfing candle. Important to see if H4 candles do bounce off the trendline to signify that it's a new found support or whether the move up was just a manipulation by the big boys to get in and act as a stoploss hunt

Comment

Watch for any rejection as a confirmation to go short

Comment

Move came a little late but was worth the wait. More to come
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