EUR/AUD - Bearish Shark

EUR/AUD is forming a bearish shark pattern on the H4 chart.
Conditions for a valid bearish shark pattern are detailed below:
  • C: 1.13 - 1.618
  • D: 1.618 - 2.24
  • D: 0.886 - 1.13


TP1 is set at 0.382 of CD leg and TP2 at 0.618.
At TP1 hit half position will be closed and stop loss moved to breakeven.

Penafian