Traine

Bearish Shark TP in play

FX:EURAUD   Fx Euro/Dolar Australia
36 0 1
I found that this pair has a huge ATR. So I just married it as one of my pairs to catch massive pips. I charted out my Quarter Points, with my Quarter Point zones around it. I plotted a 21SMA for confluence in the direction of my bias. Found a Bearish shark made its completion. Usually the TP of harmonic levels are 38.2 and 61.8. But listening to Scott Carney who invented the Harmonic pattern , he indicated that the min TP for a Shark should be 50%. So once price hits the 50% i will see if it stalls out and bounces up or continues down to the 61.8 TP.
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