EURAUD Sell Setup: H&S Pattern with Pullback
The EURAUD pair formed a nice Head and Shoulders pattern and completed a pullback to the broken neckline.
Today's strong bearish candle has reached the lowest level since May 07 and suggests lower prices.
The H&S pattern projects a profit target around the 1.5700 level, which aligns with the lower zone of a recent sideways range.
Today's strong bearish candle has reached the lowest level since May 07 and suggests lower prices.
The H&S pattern projects a profit target around the 1.5700 level, which aligns with the lower zone of a recent sideways range.
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