BMTRADING
Long

POSSIBLE H&S PATTERN ON WEEKLY?

FX:EURAUD   Euro Fx/Australian Dollar
30 0 1
ENTERING THIS ON DAILY AS SOON PRICE ACTION ALLOWS. HIGHER LOWS AND HIGHS AND I'M GOING LONG. BULLISH MOVEMENT ON LOWER TFS INDICATE BUYERS ARE TRYING TO TAKE BACK CONTROL. EXHAUSTION CANDLE ON WEEKLY ALSO CAN INDICATE PERMANENT UPWARDS MOVEMENT.

THE CONS OF THIS TRADE IS THAT DEMAND ZONE TREND IS CURRENTLY SITTING ON IS HIGHLY WEAK DUE TO THE MANY PRICE TESTS AND COULD WEAKEN AND DROP TREND.

GOOD LUCK.
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