LewisGlasgow
Long

EUR/AUD - Bullish Shark

FX:EURAUD   Euro Fx/Australian Dollar
We're looking at a complete bullish shark on a 4h chart for EUR/AUD             , this is an excellent buying opportunity. To add to this I'm currently bullish on EUR/JPY             with another harmonic pattern , you can find my analysis in the related ideas section below.

Just before anyone points out I am fully aware the C point extends the 1. 618 retracement but the candlesticks have all closed below it.

The measurements for a valid shark are detailed below.
C: 1.13 - 1.618 (Price has spiked just above 1.618)
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13

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it may fall 1.4575 to retest the support zone. Although 1.4550 is nice buying area.
+1 Reply
LewisGlasgow PRO my.self.juni
Yes it may happen to clear out the buyers before going long, waiting patiently for now.
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my.self.juni LewisGlasgow
what about my description ? the last test is 1.4546...
+1 Reply
LewisGlasgow PRO my.self.juni
I agreed with the concept, well spotted
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I doubt this slot buddy I think it's going down more Sam with ga
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Yeah possibly but looking at the daily timeframe it looks ready to reverse, I'm still waiting for extra confirmation
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great analysis.
+1 Reply
Thank you :)
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bullish cypher at H4 also
+1 Reply
Yeah I also noticed that too, I'm sidelined at the moment
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