EUR/AUD Created H&S Reversal Pattern , Short Valid Soon !

Jul 1

Here Is My 4H EUR/AUD Chart And Here Is My Opinion , If we checked the chart we will see that we have a clear head and shoulders reversal pattern but we have not a closure below our neckline so we have not a confirmation to can enter , so we need to wait until we have a closure below our neckline to get a clear confirmation to can sell after this missive movement to upside without any correction , so we will be waiting for clear closure below our neckline that i mentioned on the chart and then we can enter a sell trade and we can targeting from 80 to 150 pips and use a decent sl , if we have not a closure below then this idea will not be valid anymore .

Entry Reasons :

- Reversal Pattern
- Over Bought
- Bearish P.A

Jul 6

Trade active

The Price Closed Below Our Neckline And Then Retested It As We Mentioned And Then Moved +40 Pips

Jul 13

Trade closed: target reached

The Price Touched Our Selling Area And Moved +95 Pips And Reached The Target