EUR/AUD Testing resistance, looking for right shoulder

Price is testing resistance level now, however price is extended on the 4h

Looking for a pullback to form the right shoulder of the inverted head and shoulders pattern.

Weekly is in and uptrend with the daily looking to break the anchor from its downtrend.

Looking to enter trade on the break of the resistance level (blue line), looking to see and ABC pull back before breaking resistance.

Trade attivo:

Pullback as expected and then broke up past resistance

Commento:

Target has already been reached

Trade chiuso: obiettivo raggiunto:

Trade complete, broke through the resistance level up to the daily support level.

Great Trade