$EURAUD- Head and shoulders?

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$EURAUD- Head and shoulders?

By Pro Act Traders — Author

Currently weare at 1.4872 in a potential head and shoulders reversal pattern. A couple of different scenarios. 1: bullish: a move above 1.4900 to the Double top @ 1.4997 area 2:Bearish : A break down here to complete the pattern to the 1.4726 area . Theaverage daily true range (ATR) for the pair currently is 159 pips.

Posted to Introduction to Forex Targe… on Aug 07, 2013 — 8:08 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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