EURAUD - Inv H&S forming
EURAUD appears to be printing the right shoulder of an inverse H*S. A 38 - 50% fib pullback of today's outside bar would be an ideal entry long.
Trade active
Strong close past the neckline and closing past recent overhead resistance increases the likelihood of this trade working.Trade closed manually
With the strong outside bar on daily, it's time to either take profits or move SL below the daily bar.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.