ajohnson9710

EURAUD Head and shoulders

Short
ajohnson9710 Updated   
FOREXCOM:EURAUD   Euro / Australian Dollar
Head and shoulders pattern has formed and broken the neckline, currently around the testing area for the neckline. Just looking for the signal to enter. I will move my Stop loss to entry when i deem appropriate due to price being near a long term trend line, but with this pattern formed its an indication it may break this trend line. Information is on the chart:)
Comment:
Still Valid I believe, just waiting for signs of the reversal
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