EURAUD Bullish Move, Easy 200 pips
EURAUD has formed an inverse head and shoulders, but by the looks of what price is doing at this right shoulder area is very critical. Seeing bullish momentum instead of bearish. This further proves that this pattern formed to change the direction of price altogether, and that price will be reversing to a bullish trend. (Hence all the resistances being broken)
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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.