EURAUD looking at possible strong Bearish move.

2016년 1월 27일

On the 4-hour chart for EURAUD, price has recently started to chisel out a nice Head and Shoulders pattern. If price continues this way, a break and close below 1.5340 would confirm this move and would expose the 1.50 handle for a possible target.

Trade idea - Wait for a close below 1.5340 and then a confluent confirmation to entire a SELL trade. Watch for price to reach 1.50 for taking profits.