EURAUD Reversal Head and Shoulder Price Action, watch for sell
Updated
Hello traders:
EURAUD is looking very clean on the higher time frame as it is forming the right shoulder of the H and S pattern.
We can see after price hit the higher time frame double tops, a strong impulse move to the downside, hitting the previous lows.
Then we see price correctively move up in an ascending channel, good sign of a continuation bearish price action.
Latest development here is price is still within the correction, so best to wait for confirmation impulse out from the structure, a
nd lower time frame bearish continuation correction to get in on the sell.
Thank you
Note
higher time frame:Note
Related publications
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.