Hi everyone,
During class over the weekend we were looking at EURAUD H1 Bearish Gartley pattern, worked out nicely when markets opened again on Monday (TP1&TP2). Now we are back to the PRZ for a Type2 trade.
I advise caution on this T2 trade, H1&H4 momentum shows that the up move is strong. I am expecting this to go much higher. Let's look at the bigger TF
The EURAUD H4 chart is showing a Bearish Shark pattern completing at 1.6228. This level coincides with an ABCD pattern too. I would be interested to short at those levels.
Looking at an even bigger picture, the weekly charts points this pair higher. Looking to short when the patterns completes. See weekly chart below.
Cheers everyone. Trade safe and trade well.