Head and Shoulder Pattern; EURAUD
Ladies and Gentlemen, Traders;
Here i have a very High Probability setup.
1. second shoulder forming on a critical Resistance area
2. Break and Retest of my Uptrending trendline.
3. Where this action is happening, is actually in the Fibonacci zone of 50%_61.8% of the previous bearish structure. Therefore, this means the market has corrected its previous structure by 50%.
I am anticipating a 50% correction of the whole bullish structure now. That is why I am awaiting Head and Shoulders Pattern as my High Probability Setup.
This is the plan.
What do you think? I would like to hear your view and your analysis in the comment section.
Thank you.
Here i have a very High Probability setup.
1. second shoulder forming on a critical Resistance area
2. Break and Retest of my Uptrending trendline.
3. Where this action is happening, is actually in the Fibonacci zone of 50%_61.8% of the previous bearish structure. Therefore, this means the market has corrected its previous structure by 50%.
I am anticipating a 50% correction of the whole bullish structure now. That is why I am awaiting Head and Shoulders Pattern as my High Probability Setup.
This is the plan.
What do you think? I would like to hear your view and your analysis in the comment section.
Thank you.
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