CapMoore

Head & Shoulders Pattern Forming

FX:EURAUD   Euro / Australian Dollar
154 1 3
1,5028 neckline is the level to watch, a break and close below
triggers the Head & Shoulders pattern. The neckline coincide
with the 61,8 fib of CD leg, which is a potential D point and
should cause price to pause or bounce at first. The extended
161 D point is in confluence with the target of the H & S.
First target hit today at 1,47.
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