justatrader
Short

EURAUD - From a different perspective, same bias

FX:EURAUD   Euro Fx/Australian Dollar
261 1 4
This is a different approach to my past EURAUD             analysis. The retracement must happen before price can drop any lower. Patience is key! H&S Target from daily is 1.4405 and from weekly H&S is 1.4317, so 1.44 should a nice price to set take profit to.
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This is how EURAUD is shaping up on the weekly charts. It would be worthwhile to open an additional position with the larger H&S in mind.
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