EURAUD Bearish Shark Pattern and Short Opportunity
Description: EURAUD completed a Bearish Shark Pattern on H4 Chart. RSI is in the overbought territory and headed south. Potential correction is predicted.
Time Frame: H4
Trade Period: Intraday / Midterm
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Bullish
Trade Based On Bearish Shark Pattern
Recommended Lot Size: 0.05 at 10K
The Area Of The Entry: 1.61950 – 1.62300
Stop Loss: Above X 1.62900
Target 1: 1.61150 / TP1 Reached…Close 50% of the positions.
Target 2: 1.60800 / TP2 Reached… 110 pips
Target 3: 1.59900
Extended Target: 1.59000
You can view the setup: EURAUD Bearish Shark
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
EURAUD Bearish Shark: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.