EURAUD 4hr. For the head and shoulder pattern to be valid I believe the down leg after head formation should've gone to the neckline at around 1.3890 (shown by ellipse with question mark). Instead the pair was halted at 200ma confluent with 50% retracement and created a higher low, invalidating the h&s in my opinion. The pair may now respect this ascending...
The pair complete triple cycles on Weekly, with divergence on W, D TF. H1, H4, D all with bullish momentum, the price also break trendline on W, that is so powerful.
I think it is suitable for investor on Weekly, target to 1.372.
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