EUR/AUD Testing resistance, looking for right shoulder
Price is testing resistance level now, however price is extended on the 4h
Looking for a pullback to form the right shoulder of the inverted head and shoulders pattern.
Weekly is in and uptrend with the daily looking to break the anchor from its downtrend.
Looking to enter trade on the break of the resistance level (blue line), looking to see and ABC pull back before breaking resistance.
Looking for a pullback to form the right shoulder of the inverted head and shoulders pattern.
Weekly is in and uptrend with the daily looking to break the anchor from its downtrend.
Looking to enter trade on the break of the resistance level (blue line), looking to see and ABC pull back before breaking resistance.
Trade active
Pullback as expected and then broke up past resistanceNote
Target has already been reachedTrade closed: target reached
Trade complete, broke through the resistance level up to the daily support level.Great Trade
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