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VasilyTrader

Head and shoulders + structure

Long
Euro / Australian Dollar (FX:EURAUD)  
VasilyTrader Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators USD (US Dollar) euro forecast
8
0
trendanalysis chartpattern indicator usd-us-dollar euro forecast
snapshot

Market sentiment:

  • Market is standing on significant support
  • RSI oversold + divergence
  • Rejection candles
  • Inverse head and shoulders pattern formation

trading plan:
  • Buy the breakout of a neckline - 1.584 resistance

Targets:
T1 - 1.59
T2 - 1.56
Comment:
Bounce from resistance
Order cancelled
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