alex.ofx
Short

EURAUD HEAD AND SHOLDER PATTERN + 0.618 RETRACEMENT

FX:EURAUD   Euro Fx/Australian Dollar
64 0 0
Hi traders,

This head and sholders pattern is quite clear, and i guess many of you have spot it. EURAUD             on the 4H TF at the .618 retracement shows hard to break.

My prediction is that there will be some consolidation and price will drop down towards the 1.500 handle.
Lets see how this plays out!

WILL PLAN TO GO SHORT AT THE BREAK OF NECKLINE (AKA. 0.618 LVL             )
AIMING FOR 1.618 BUT DOESNT SEEM LIKELY BUT WHO KNOWS?

GOOD LUCK AND HAVE FUN

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