Potential Head and Shoulder Pattern Spotted @ EURAUD

14 Eyl 2021

EURAUD[/symbol Friends, [b]H&S pattern and rising wedge are brewing on EURAUD (1D TF) with a potential price move of about 1000 pips (10,000 ticks) if measured from resistance area formed by left shoulder (potential right shoulder) to height projection of the H&S from it's neckline. 2 sell positions will be appropriate with TP1 @ the neckline while TP2 @ the end of the rising wedge. Good luck to us all. PPPDirhams... Follow my ideas at your own risk!

15 Eyl 2021

İşlem aktif

The right should have formed nicely as expected. Shoulder level may be retested

15 Eyl 2021

İşlem aktif

Pin bar formation is just a confirmation that right shoulder formation is been completed. Now we expect a huge fall to -1000pips (10,000 ticks)