glennmercer
Short

Short EURAUD: Bat + Crab + Shark + AB=CD

FX:EURAUD   Euro / Australian Dollar
EURAUD             is completing a potential combination of 4 short harmonic patterns within a tight PRZ. In addition to bearish Crab , Bat, and Shark patterns an ideal AB=CD reciprocal ratio (.618/1.618) will be complete in the same area. Targets are placed at the .382 and .618 retracements of the CD leg.

Confluence in the PRZ:
1. Bearish bat pattern completion
2. Bearish crab pattern completion
3. Bearish shark pattern completion
4. 1.618AB=CD
5. 1.618BC projection

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UPDATE! To add to the bias toward the downside, a bearish butterfly has just completed in the PRZ
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