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EURAUD Potential Bullish Shark Formation

EURAUD Potential Bullish Shark Formation

Description: Chartraderpro finds a forming Bullish Shark Formation on the H4 Chart Timeframe.This formation can be used a selling opportunity first and then can be used as buying opportunity. If the pair breaks and close below the trendline 1.62200, the targets will be 1.61900 and 1.61500. Breakout of the 1.61500 will confirm us the Bullish Shark Pattern formation. If the formation goes as predicted we will look for a Long opportunity at D.

Traders who want to use the the short opportunity:

Trade Period: Midterm

Pair / Instrument: EURAUD

Time Frame: H4

The trend in the Timeframe: Bullish

The trend in the Daily Chart:  Bullish

Trade Based On: Trendline Breakout

Accuracy: %83

Recommended Lot Size: 0.05 @ 10 K Account with 1:100 Leverage

Trade: Short

The Area Of The Entry:  1.62200 – Close below –

Stop Loss: Above 1.62800

Target 1: 1.61900

Target 2: 1.61500

Target 3: 1.60300

Traders who want to use the harmonic trade opportunity only and want to wait for the completion of the pattern

Trade Period: Midterm

Pair / Instrument: EURAUD

Time Frame: H4

The trend in the Timeframe:

The trend in the Daily Chart:

Trade Based On: Bullish Shark Pattern

Accuracy: %83

Recommended Lot Size: 0.05 @ 10 K Account with 1:100 Leverage

Trade: Long

The Area Of The Entry:  1.60300 – 1.60100

Stop Loss: Below 1.59800

Target 1: 1.61000

Target 2: 1.61500

Target 3: 1.62200

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURAUD Bullish 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.

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