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ollyt33
Mar 25, 2018 6:15 PM

EURAUD 

Euro Fx/Australian DollarFXCM

Description

First glance it looks like a nice short opportunity. With the RSI divergence at a major level of structure and potential double top. Unfortunately the double top has failed my criteria as it has closed above the wick of the previous top. I don't have a short entry reason here at the moment. The rest of the analysis points towards further upwards movement. The neck of the head and shoulders has just been broken so, we shall see. Neutral on this at the moment.

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H&S Neckline broken - can this take price higher..

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