EURAUD Interesting Breakout

This is a chart that I typically do not like to trade because the trend/swings are not too clear and clean.

However, we can see that there was a trend up, we hit a resistance and flip zone at the 1.6420 zone before reversing.

It seems we made our first lower high at 1.63, you can even say we have a head and shoulders pattern.

We have broken the neckline, and are now retesting it.

Can enter now with a lower probability of success but a very good risk vs reward. Or, the safe way is to await for the break of 1.6170 to confirm lower lows and then you have a better probability but reduced risk vs reward.

That is because I would target the demand zone at 1.61.