As demonstrated in the above chart. The market is in the process of head shoulders. I have set up the take profit at the support which is also at the left shoulder.
Good luck trading.
FX:EURAUD
Prepare to short the market to the level shown in the above chart.
This is why:
1. I expect the price movement to retrace back to a previous resistance level.
2. This is after a powerful bullish trend towards previous support level.