Euro / Australian Dollar

Short

head and shoulders and structure on euro aud

By VasilyTrader

Updated

snapshot

hey traders,

on euro aud on 4h chart we see a retest of a recently broken structure.
as the market reached this level of resistance, we see a formation of a head and shoulders pattern
with a violated trendline.

now we see a retest of the neckline,
for us, it is a perfect opportunity to sell the market,
anticipating the retest of the low.

good luck!

Note

going down

Note

one more retest

Note

Consolidation and formation of a bear flag

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