A trade im looking to take this week in the EUR/AUD pair
on the daily chart we have a bearish pin bar which i use as a daily bias
zooming down to the H1 chart we have a head & shoulders pattern confirming my bearish bias
im looking to get short on the retest on the neckline 1.4800
as you can see there is still a open gap which im looking for price to fill so going to try ride this all the way down for the gap fill
but will be taking partial profits on way down and trailing stops excellent R-R even if i was to take profits at first target
( keeping in mind french elections which we could see another gap up on the open depending on he outcome)
on the daily chart we have a bearish pin bar which i use as a daily bias
zooming down to the H1 chart we have a head & shoulders pattern confirming my bearish bias
im looking to get short on the retest on the neckline 1.4800
as you can see there is still a open gap which im looking for price to fill so going to try ride this all the way down for the gap fill
but will be taking partial profits on way down and trailing stops excellent R-R even if i was to take profits at first target
( keeping in mind french elections which we could see another gap up on the open depending on he outcome)