EURAUD Price Action Signal

Hello Price Action Traders.

EUR/AUD

EUR/AUD continues its bearish path towards 1.43 after the huge Head & Shoulders reversal that occurred during the last months. If we take a look at the H4 chart, we’ll notice a couple of Inside Candles. These are telling us that the market has moved sideways for a while and that the trend is probably ready to go further. The breakout of the previous candle’s low could resume the main bearish trend.

 

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