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SubTh3ory

EURAUD looking at possible strong Bearish move.

Kort
Euro / Australiensisk dollar (FX:EURAUD)  
SubTh3ory  
FX:EURAUD   Euro / Australiensisk dollar
EURAUD short SELL Bearish Patterns support Head and Shoulders HEAD AND shoulders Forex price action priceaction Support and Resistance trend Trend Lines
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euraud short sell bearish support headandshoulders head and shoulders forex price action priceaction supportandresistance trend trendline
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.
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