pantheo

EURAUD: A multimonth journey maybe ending?

FX:EURAUD   Euro Fx/Australian Dollar
80 0 0
Trade opened during January and confirmed a couple weeks later as in the attached.

New positions opened at 1,5450.

Although H&S has played out yet - possible target last demand zone around 142 area -more ofter than not a failed pattern lead to reversal via short covering. In this case its a bear flag .

If supply zone doesn't hold the bulls, last remaining short positions will be stopped.

All the best

Panos

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