Timonrosso

Inv Head and Shoulders on EUR/AUD ready to spike up 1.7265

Long
OANDA:EURAUD   Euro / Australian Dollar
Inverse Head and Shoulders is clearly forming on the daily.
We see additional indicators confirming upside.
7>21 and price is above 200MA - Bullish
RSI>50 - Momentum is up.
Target 1 will be at 1.7265

Below the Right Shoulder there is a Sell Side Liquidity Order Block.

Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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