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lyl89

EURAUD - Bearish Crab Pattern Completed on Daily Chart

Short
Euro / Australian Dollar (FX:EURAUD)  
lyl89 Updated   
FX:EURAUD   Euro / Australian Dollar
EURAUD euraudshort Crab Bearish Crab Harmonic Patterns harmonicforex
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euraud euraudshort crabpattern bearishcrab harmonicpatterns harmonicforex
Crab pattern completed with price slightly above PRZ.
RSI is also showing reversal.
R:R at 1.4 (TP1) and 2.3 (TP2).

Traders may want to find an entry to short on H4 chart.
Do adjust lot size according to your risk management, SL is rather high for this one.
Comment:
Zooming in to H1 chart, there is also a bearish crab pattern completed, reaching TP1 at 38.2% AD retracement.
snapshot
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