EURAUD Reversal Head and Shoulder Price Action, watch for sell

Hello traders:

EURAUD is looking very clean on the higher time frame as it is forming the right shoulder of the H and S pattern.

We can see after price hit the higher time frame double tops, a strong impulse move to the downside, hitting the previous lows.

Then we see price correctively move up in an ascending channel, good sign of a continuation bearish price action.

Latest development here is price is still within the correction, so best to wait for confirmation impulse out from the structure, a
nd lower time frame bearish continuation correction to get in on the sell.

Thank you

評論:

higher time frame:

評論: