EURAUD +100 pip trade

Confluence
We can clearly see a well-known head and shoulders formation. EUR pushed the price up to a structure level and will probably push it back to the neckline which is my target.

COT reports
We can also see at the reports that the hedge funds are opening up for more short positions. We have seen an increase of 16799.

DISCLAIMER!
I am not giving financial advice I am just showing how I am trading. Forex trading can be risky for new traders. Trading is at your own risk!