EURAUD: Head & Shoulders setup (2 head is there as well)

FX:EURAUD   Euro / Australian Dollar
Here we have a potential Head & Shoulders setup with nice profits.

Look at RSI , its making lower highs, so bulls are weakening and its time for bears to go in action.
The green zone is potential profit zone, where I think price could consolidate for a while in this zone.

I want to mention that you should watch the price action carefully, however there is a potential double top formation as well.

Wish you a good trading day.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out