Following up from my previous post for EUR/AUD (chart is shown below), price has now formed a valid inverted head and shoulders pattern on the 4h chart.
I have just recently closed my long position until I see clear confirmation on market direction, as price is now sitting on a major resistance level.
Keep an eye on this setup over the next week!
I have just recently closed my long position until I see clear confirmation on market direction, as price is now sitting on a major resistance level.
Keep an eye on this setup over the next week!
📈 Master the Art and Science of Trading: sixfigurecapital.com
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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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.