EurAud Confirmed the huge triangle break, and is now forming a beautiful Shoulder Head Shoulder trend continuation pattern.
The right shoulder is currently in the making, and on the 4H Chart the market formed a beautiful evening star in the recent bars for me a sign that the upward movement is weakening, assuring that view, is also the fact that the bulls failed to close above 1.4420 level.
I went short @ 1.4425 with a tight stop @ 1.4493 looking for a move towards 1.3700
The right shoulder is currently in the making, and on the 4H Chart the market formed a beautiful evening star in the recent bars for me a sign that the upward movement is weakening, assuring that view, is also the fact that the bulls failed to close above 1.4420 level.
I went short @ 1.4425 with a tight stop @ 1.4493 looking for a move towards 1.3700
Note
The position is currently in +170 pips profit.I am moving my stop for now to breakeven @ 1.4425, it could be a little bit too early, but if the position is closed @ BE, i will reevaluate.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.