EURAUD, Continuous downtrend after broken ! for FX:EURAUD by DatTong

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D1:
- Structure: Uptrend
- SHS pattern forming?!
- Candle: Pinbar
- Prior tendency: Pullback deep !
--> Sell

H4:
- Prior Sideway and three top and multi bottom
- Strong Broken
- Retest and Closed below resistance
---> Sell

Prior analysis

Comment:

Comment: Profit: Order 1: 100pip, order 2: 50pip
Take profit 1/2 volum. Move stoploss to entry

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Comments

Hello, are you still thinking this will be a sell? I made an entry, but it seems to be making a small uptrend. Are your SL and TP at the levels you marked?

DocWonmug

@DocWonmug, yep, sell !

DocWonmug

@DocWonmug, SL outside candle D1 ( Pinbar)

DatTong

@DatTong, Alas, that SL was hit. Perhaps a retest of 1.56973? What do you think? And thanks for the quick reply. Best regards

Break!

Sell Or Buy??

Parthvaghani

@Parthvaghani, still sell.

On 7D chart, it looks like a perfect head & shoulders too if you've noticed. Looks like a great call to sell and the drop will be steep hopefully!

faiz16

@faiz16, Thanks Man !

For this, the confirmation is already there aswell as a pinbar. So it’s a direct sell without any wait? Maybe a bit off pullback for market open but is this a straight sell?