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Euro / Australian Dollar
Long
Updated

Head and shoulders + structure

519
snapshot

Market sentiment:

  • Market is standing on significant support
  • RSI oversold + divergence
  • Rejection candles
  • Inverse head and shoulders pattern formation


trading plan:
  • Buy the breakout of a neckline - 1.584 resistance


Targets:
T1 - 1.59
T2 - 1.56
Note
Bounce from resistance
Order cancelled
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Also on:
Chart PatternseuroforecastTechnical IndicatorsTrend AnalysisUSD (US Dollar)

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Chart PatternseuroforecastTechnical IndicatorsTrend AnalysisUSD (US Dollar)
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

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.