Trading_Jazz
Long

(4h) H&S - the neck // 2618 // Corrective Structure // IF=THEN ®

FX:EURAUD   Euro Fx/Australian Dollar
FX:EURAUD            

Breaking the H&S neck, the price must find some support below and test previous structure.
If the price pull's back into the 61.8% retracement it can forge an 2618 trade setup, and that will give us a very nice trade that can sink the price around the weekly support or below it, close to the 224% extension from top to neck (@1.46000$);

Structure:
Daily trend line broken (green line), the price should go test previous structure.
Inside the bearish correction channel, or wedge , or whatever ;), i expect a hit at extensions, between the 127% and 161% before an upward movement;

ABC             corrective move or an AB=CD before some upside movement;

Cypher:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD

Safe Trades;
https://open.spotify.com/track/3GBhP1aOu12St8SC184fJR
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out