This pair shows strond sign of SHS. I will wait to break down the trendline to short untill head is finished SL above previous high with 20 pips, because this is a nice downfall. Price action shows us a 4h shooting star followed by a high spin doji, i doubt of this last candle. Might also be a valid hanging man. This is a bearish sign in uptrend.
Daily shows a nice potential hidden bearish div is being made soon. MACD also is in a downtrend. If it falls we might get this daily cup with handle working, because it might compose a nice bullish divergence on support.
Comments
ElPatron.Y
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Only 2 likes for such a good idea?
ElPatron.Y
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Beware of spike!
ElPatron.Y
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O EURAUD validate this pattern for me please!
ElPatron.Y
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I will short the spike for sure this looks like a confirmation for me.