Head and Shoulder Pattern; EURAUD

9 ส.ค. 2021

Ladies and Gentlemen, Traders;

Here i have a very High Probability setup.
1. second shoulder forming on a critical Resistance area
2. Break and Retest of my Uptrending trendline.
3. Where this action is happening, is actually in the Fibonacci zone of 50%_61.8% of the previous bearish structure. Therefore, this means the market has corrected its previous structure by 50%.

I am anticipating a 50% correction of the whole bullish structure now. That is why I am awaiting Head and Shoulders Pattern as my High Probability Setup.

This is the plan.

What do you think? I would like to hear your view and your analysis in the comment section.

Thank you.