Euro / Australian Dollar
Short
Updated

Head and shoulders EURAUD

Pros
  • Chart pattern H&S
  • Pattern confirmed with a pullback at 38/50% correction of the previous impulse

Cons
  • Countertrend
  • Low Reward/Ratio

Strategy
  • Sell at the current level.

*Personally, that you are in an uptrend, the objetive of the H&S is too aggresive, I prefer to put it above the uptrend.
Trade closed: stop reached
Sometines this happen.

Disclaimer