EURAUD: Time to short?

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Possible H&S pattern. If an equal measurement of the chart pattern does indeed play out, 600 pips are up for grab.

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ملاحظة

Weekly view: A close back in would be crucial and optimal

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ملاحظة

Daily view: Pinbar followed by a strong bearish engulfing candle. Important to see if H4 candles do bounce off the trendline to signify that it's a new found support or whether the move up was just a manipulation by the big boys to get in and act as a stoploss hunt

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ملاحظة

Watch for any rejection as a confirmation to go short

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ملاحظة

Move came a little late but was worth the wait. More to come