Get started
Euro / Australian Dollar
Short

Potential Head and Shoulder Pattern Spotted @ EURAUD

By Kingsley_lotanna
Updated
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!
Trade active
The right should have formed nicely as expected. Shoulder level may be retested
Trade active
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)
Chart PatternsEURAUDeuraudanalysiseuraudforecasteuraudideaeuraudselleuraudsetupeuraudshorteuraudsignaleuraudtradeTechnical IndicatorsTrend Analysis
Kingsley_lotanna
⭐️Join our FREE Signal Channel for instant benefits:
t.me/Kingsleysfriend
chat.whatsapp.com/GVu4dIx8nFAEaNGMcGxJGr (new group)
✅95% Win Rate
✅Receive FREE signals daily
✅Free lessons on how to trade FOREX
✅Expert Trading Strategies

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.