Head and Shoulder Pattern in play

FX:EURAUD   Euro / Australian Dollar
123 5 3
Price trying to break below the neckline. Ultimate target of downward movement
is 1,5080 which is also the 1,618 extension of the ABCD , i. e an extended D point,
which mark completion and is a buy signal. Note that price is likely to bounce, after
a 160 pips drop during the day. Bounces could be sold though.
H & S target achieved and almost the 161 D point of that ABCD. Look to go long from here.
Weekly S1 at ,15070 and 161ext at 1,5065, possible jiggle room downwards. A strong break of 1,5065 calls for new assesment and evaluation.
Price has reached D point in the ABCD pattern. However the move down was fast and it suggest a continuation towards an extended D point,
1,272 or 1,618. A bounce towards Weekly S1 around 1,5290 could be shorted to aim for the extended finish (D point) where Entry to Buy
(after price respect the level)

higher divergence.
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