( +110 ) week17 EURAUD counter trend in play ihs towards big neckline


A small but visible ihs can be seen from line chart. Height of head is roughly same as big neckline level in which I intend to look for distinct price action for a showhand A trade

week17 EURAUD D1 small ihs to drive up to neckline retest 230414


I am currently long on counter trend towards this neckline. This position was entered in pain on tuesday when AUDCAD trade was faring badly. Making matters worse, nbox was showing a bearish expansion and during 4M AUD was strongly regarded.

price has now closed above the neckline and if there is retracement I will be looking for an
added entry towards the neckline

week17 EURAUD h4 trade plan for 2nd entry 230414

updated 030514

taken profit with 110 pips


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