EURAUD H&S Right Shoulder Trend Break
Hello,
We are waiting for the Right Shoulder's minor uptrend to break, for a retest into a short position towards the neckline. Potential R:R 1:4, during 2nd leg down after retest I am taking half profit and waiting for a minor break of structure to add additional short positions in the formation of a lower high and move SL to above the last lower high.
Will be updating after break of trend.
PS. Not financial advice, this is for my own documentation and shared education.
We are waiting for the Right Shoulder's minor uptrend to break, for a retest into a short position towards the neckline. Potential R:R 1:4, during 2nd leg down after retest I am taking half profit and waiting for a minor break of structure to add additional short positions in the formation of a lower high and move SL to above the last lower high.
Will be updating after break of trend.
PS. Not financial advice, this is for my own documentation and shared education.
Trade active
Short position taken after the retest. 
Note
Second entry added on the lower timeframe with a 1:5 RR at 1.616 - 20SL-100TPNote
Running 50+ pips in profit
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Disclaimer
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.