Euro-Australian and head-and-shoulders model

The EURUSD pair is trying to form a head and shoulders pattern on the daily frame,where we are waiting for the neck levels to break and close below the daily candle, and then we can complete the sale of the pair during the coming period to target the levels of 1.6380 as the first target and then the levels of 1.6230.

The scenario fails if the neck is again pierced upwards and fixed higher.

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