EURAUD Inverse Head and Shoulders
Updated
Here you can see a nice inverse head and shoulders formation.
AUD news really knocked the ADR off balance - 100 pip move within the first 3 hours of a new daily candle open. Can the ADR hit 140, 150 by the end of the daily candle? I believe most likely not.
I expect a nice movement back where it started off originally, which will most likely be caused by the multiple EUR major impact news later today.
AUD news really knocked the ADR off balance - 100 pip move within the first 3 hours of a new daily candle open. Can the ADR hit 140, 150 by the end of the daily candle? I believe most likely not.
I expect a nice movement back where it started off originally, which will most likely be caused by the multiple EUR major impact news later today.
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Markets are working their way to construct the proper sequence.
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