as we can see here on the EUR/AUD chart that it has broken from an uptrending funnel to a move to the downside. now the market looks like it has just tested the previously broken support line to now make it a new resistance level. due to the nature of this kind of pattern, there is a possibility that a head and shoulder pattern is going to be formed. so we will wait to see how the market will approach the bottom support level, and with appropriate candle confirmation and structure confirmation, we will hopefully be looking to place a buy to the upside and ride it to the new resistance level to form the head and shoulder pattern.