EURAUD H and S pattern formed. Not only do we have the pattern, but the fact we’ve recently used the trend line indicated as a nice bit of resistance, adding to the fact that we should see some downside on the pair.
The EUR is looking quite weak overall today with all pairs running in the negative.
I’ll be taking shorts if we see a break of the blue line. We’ve used his level as support a few times when zooming further into the markets on the 15m chart.
After the last head and shoulders pattern not playing out as we’d hoped, let’s see if this one can pull through.
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Another H&S patten that hasn't come through!! thats 0/2. we go again!