glennmercer
Short

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

FX:EURAUD   Euro Fx/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

Thanks for viewing and please take a second to click the thumbs up and follow for future updates and more trade ideas!
Follow me on twitter: @gmercerfx
Shoot me an email: gmercerfx@gmail.com
UPDATE! To add to the bias toward the downside, a bearish butterfly has just completed in the PRZ
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out