EURAUD: Bearish Outlook 🇪🇺🇦🇺

Short

Euro / Australian Dollar (OANDA:EURAUD)

OANDA:EURAUD Euro / Australian Dollar

Parallel Channel Rectangle Head and Shoulders EURAUD australiandollar priceaction priceactionanalysis priceactiontrading priceactionstrategy

parallelchannel rectangle headandshoulders euraud australiandollar priceaction priceactionanalysis priceactiontrading priceactionstrategy

snapshot

EURAUD is trading within a horizontal trading range on a daily.
Approaching its upper boundary, the market was rejected.
The price formed a head and shoulders pattern on 4H time frame.

Now, we see its neckline breakout.
I expect a fall to 1.546 / 1.532

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