As alot of EUR pairs. EURAUD is also seeing a sharkish formation. but in this case we might see a trade earlier, since the consolidation is already startin to form. if we can at least retest the recent (consolidation) swing highs, i will place my orders below consolidation to sell to the shark completion point. should be a small easy trade with a decent risk reward.
if we complete this pattern the way i want it, i will also looking to go down the timeframes to look for further shorts. but lets wait and see first
if it spikes up from here, then i wont trade.
if we complete this pattern the way i want it, i will also looking to go down the timeframes to look for further shorts. but lets wait and see first
if it spikes up from here, then i wont trade.
Komen:
i think the retest of the flag highs was decent enough to place the orders.
