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jojofang0901
Sep 21, 2021 7:43 PM

EURAUD Reversal Head and Shoulder Price Action, watch for sell Short

EUR/AUDOANDA

Description



Hello traders:

EURAUD is looking very clean on the higher time frame as it is forming the right shoulder of the H and S pattern.

We can see after price hit the higher time frame double tops, a strong impulse move to the downside, hitting the previous lows.

Then we see price correctively move up in an ascending channel, good sign of a continuation bearish price action.

Latest development here is price is still within the correction, so best to wait for confirmation impulse out from the structure, a
nd lower time frame bearish continuation correction to get in on the sell.

Thank you

Comment

higher time frame:

Comment

Comments
Babenski
good job 👌
jojofang0901
SignalProvider
thanks for sharing
where is your target bro?
jojofang0901
@SignalProvider, bottoms of the right shoulder, if we get further consolidation for sell :)
MMBTtrader
only after breaking pattern here
jojofang0901
@MMBTtrader true :) waiting for confirmation
d-MR96nBa
Excellent Sir, I concur. Also lines up with a risk on rally.
You're charts have that 3D visual. You've been at this awhile I'm sure.
Respect.
jojofang0901
@d-MidnightRunner, Thank you :) good job
d-MR96nBa
@jojofang0901, Do you ever look at the same pair inverted ?


Find that can be helpful/Insightful.
You say EURAUD Bearish 📉
I say AUDEUR Bullish 📈
We agree🤝
jojofang0901
@d-MidnightRunner sometimes I can invert the chart to see, but most brokers offer euraud to trade so I will mainly look at it that way :)
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