Inverse head and shoulders, PA forming at shoulder line, taking the trade if the high is broken.
Comments
ForceFollower
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Congratulations! Your idea has worked nicely.
vaicru
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no h&s
and now down
aimen.abbasi.16
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eur/aud is forming a head and shoulder pattern in the daily time frame .i am waiting for the second shoulder to form correct me if i am wrong guys :)
PAGuy
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You are spot on.
ForceFollower
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Unless it is starting a new impulse wave up, it is trending nowhere. True bears are gone: now either bulls or balance (which is a trading range between 1.50 and 1.53).
PAGuy
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In my opinion, waves are pointless, most of the time, they are wrong... Price action is right, its just trading it from the right spot. In this case, the market structure it telling me long... we will see soon enough :)