This is a bearish bat pattern completing on EURAUD.
Last week, price has touched the PRZ and price failed to close higher.
This morning, price started to drift lower with increase in volume breaking previous low.
I will personally be waiting for a retest of a resistance level before going short on this.
Likely a high probability setup.
EP: 1.5070
SL: 1.5120 (50)
TP: 1.4880 (190)
Will keep you guys posted.
Last week, price has touched the PRZ and price failed to close higher.
This morning, price started to drift lower with increase in volume breaking previous low.
I will personally be waiting for a retest of a resistance level before going short on this.
Likely a high probability setup.
EP: 1.5070
SL: 1.5120 (50)
TP: 1.4880 (190)
Will keep you guys posted.
Previous idea to short at 1.5070 scrapped.
Will only be interested to short EURAUD above 1.51.
See chart below for new Shark Pattern Formation