FX.co - EUR/AUD inverse head-and-shoulders triggered, buy on weakness

2016-09-14T07:37:44

Long-term review

EUR/AUD inverse head-and-shoulders triggered, buy on weakness

Price has completed an inverse head-and-shoulders reversal pattern. We look to buy on major support at 1.4900 (neckline support, Fibonacci retracement, horizontal support) for a push up to 1.5185.

EUR/AUD inverse head-and-shoulders triggered, buy on weakness

Buy above 1.4900. Stop loss is at 1.4775. Take profit is at 1.5185.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

InstaFintech Group @ 2007-2026

FX.co ★ EUR/AUD inverse head-and-shoulders triggered, buy on weakness

Forex Analysis

EUR/AUD inverse head-and-shoulders triggered, buy on weakness