A couple of days ago EURAUD retested a broken major trend line on a daily time frame.
Watching how the price reacted to that on intraday time frames I spotted a head & shoulders pattern on 4H time frame.
To short wisely we need to wait for a bearish breakout of 1.572 - 1.575 horizontal neckline.
Then sell the market aggressively or on a retest.
Initial target will be 1.559
In case of a new higher high higher close on 4h, the setup will be invalid.
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