EUR/AUD for long (hourly tf)

28 août 2022

Hello traders, here we have an inverted head and shoulders pattern on the hourly eur/aud chart. We also have the 1st higher high, so it's time to look for an opportunity for long positions. My preferred scenario is for the price to fall into the harmonic area (with the left shoulder) and if that happens, I'm in. Of course, if you see bleeding in price and the downward movement (which should be a retracement) accelerates down, then wait for other confirmations. But for now we have a lot - daily confirmation, Macd bullish divergence (1 hour) and 1st higher high.