EA Short

H&S formed on the weekly chart and pair cannot break the gray area.

I see a sell to the bottom trend line. If price breaks this trend line, then a downtrend will occur.

If price does not break the trend, I see a bounce into the next gray level continuing the uptrend.



- New to trading, so comment and tell me how I can improve! -

Kommentera:

EA still seems to be trying to test/break this smaller gray area.
If this box gets broken, price will find itself into the bigger gray area, then down to a sell.
If this box cannot be broken, price will finally take its fall.

Kommentera:

Could not break zone just like expected came down for a fall. AUD news in a few keep in mind when trading this pair.