EURAUD Head And Shoulders Pattern
It will be interesting to see which direction this pair takes overnight and into the morning.
I will be placing several SELL orders if the price dips below the neckline
Price may either:
a) continue climbing to left shoulder height,
then begin a bearish trend
b) reach neck line, begin bearish trend
c) Begin bearish trend, fall below neckline,
breaking through recent support levels
d) Surpass the recent head price
I will be placing several SELL orders if the price dips below the neckline
Price may either:
a) continue climbing to left shoulder height,
then begin a bearish trend
b) reach neck line, begin bearish trend
c) Begin bearish trend, fall below neckline,
breaking through recent support levels
d) Surpass the recent head price
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