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RCP

EURAUD: Head & Shoulders setup (2 head is there as well)

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Euro / Dollar Australia (FX:EURAUD)  
RCP  
FX:EURAUD   Euro / Dollar Australia
EURAUD short Head and Shoulders Head and Shoulders neckline fibs Fibonacci double TOP Double Top
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euraud short headandshoulders headandshoulders neckline fibs fibonacci double top doubletop
Here we have a potential Head & Shoulders setup with nice profits.

Look at RSI, its making lower highs, so bulls are weakening and its time for bears to go in action.
The green zone is potential profit zone, where I think price could consolidate for a while in this zone.

I want to mention that you should watch the price action carefully, however there is a potential double top formation as well.

Wish you a good trading day.
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