EURAUD HUGE 700 PIP SHS TREND CONTINUATION COMING
Updated
EurAud Confirmed the huge triangle break, and is now forming a beautiful Shoulder Head Shoulder trend continuation pattern.
The right shoulder is currently in the making, and on the 4H Chart the market formed a beautiful evening star in the recent bars for me a sign that the upward movement is weakening, assuring that view, is also the fact that the bulls failed to close above 1.4420 level.
I went short @ 1.4425 with a tight stop @ 1.4493 looking for a move towards 1.3700
The right shoulder is currently in the making, and on the 4H Chart the market formed a beautiful evening star in the recent bars for me a sign that the upward movement is weakening, assuring that view, is also the fact that the bulls failed to close above 1.4420 level.
I went short @ 1.4425 with a tight stop @ 1.4493 looking for a move towards 1.3700
Comment
The position is currently in +170 pips profit.I am moving my stop for now to breakeven @ 1.4425, it could be a little bit too early, but if the position is closed @ BE, i will reevaluate.
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