EUR/AUD // HEAD AND SHOULDERS PATTERN
1. Head and Shoulders pattern forming on daily chart
2. Price rejecting common point on 4hr chart
3. Moving average crossover on 4hr chart
4. Inside bar formed on daily chart
5. Price retesting previous support on hourly chart
Enough confirmation for a SELL trade
SAFE TRADE:
SELL @ 1.61190
SL @ 1.62000
TP @ 1.61200
PATIENT TRADE
SELL @ 1.61190
SL @ 1.62500
TP @ 1.57000
2. Price rejecting common point on 4hr chart
3. Moving average crossover on 4hr chart
4. Inside bar formed on daily chart
5. Price retesting previous support on hourly chart
Enough confirmation for a SELL trade
SAFE TRADE:
SELL @ 1.61190
SL @ 1.62000
TP @ 1.61200
PATIENT TRADE
SELL @ 1.61190
SL @ 1.62500
TP @ 1.57000
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