hey guys,
on euro australian we see a head and shoulders pattern formation.
again, it is really important not to be caught by a false breakout.
I will be waiting for a test of 1.61 for a confirmation of a breakout.
when the breakout occurs I will be trying to catch a retest of a broken neckline.
target will be based on structure.
good luck!
Note
attempt to break the levelNote
Standing on neckline
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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.