FullTimeTrader
Short

EURAUD-bearish bat near 1.4000

FX:EURAUD   Euro Fx/Australian Dollar
188 0 5
Harmonics is a great tool but i prefer to use it after a top-down analysis and near levels where the price historically showed a clear reaction.
Lets take a look at D1 chart:
snapshot

We see the level 1.400 is key. After a big drop the price now has no clear direction (is "choppy"). I only will look for entries near 1.400 and the bottom.

Here we can see a possible bearish bat near 1.4000. The R/R ratio is good. You can place a sell limit order there or wait for the price to make some reaction there.

Best regards.
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