EURAUD - Bearish Shark around 1.46 Short

Euro Fx/Australian DollarFXCM

Description

⋅ Oct 28, 2016 9:26 AM

Hey guys, I see a nice trending harmonic pattern on EURAUD.

A bearish shark will complete just above 1.46.

The PRZ zone is between 1.46 - 1.4615.

At this zone I will monitor for 2 conditions before entering my short.

1. RSI divergence
2. Candlestick reversal at PRZ

Do not use a pending order.

Good weekend guys!

Comments

TerryHarmonicTrading

⋅ Oct 30, 2016 6:02 AM

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nemo.vr11

⋅ Oct 28, 2016 10:57 AM

Hi Terry, I have a doubt. which tool do you use in tradingview to draw a shark. XABCD or that for cypher pattern?

TerryHarmonicTrading

⋅ Oct 30, 2016 6:02 AM

I use the xabcd tool.

nemo.vr11

⋅ Oct 30, 2016 2:08 PM

thanks for the answer. i have though I should have used cypher tool because it seems a failed cypher