EURAUD - Bearish Shark - Four Hour with a Long opporutunity
Hi Guys,
First of all, apologies for the cluttered chart. This is not normally my style (and my mentor won't be happy) but I wanted to detail everything.
Here we have EURAUD heading towards the 'D' point of a Bearish Shark on the four hour over a 14 month period. Price is currently heading to 'D' point in a parallel channel. I will be watching resistance level's closely for signs of a breakout to take a long before 'D'.
Once at 'D' which is around the one year high, there is a excellent 1:3 Risk to Reward short opportunity.
Any feedback would be really appreciated.
Thank You!
V
First of all, apologies for the cluttered chart. This is not normally my style (and my mentor won't be happy) but I wanted to detail everything.
Here we have EURAUD heading towards the 'D' point of a Bearish Shark on the four hour over a 14 month period. Price is currently heading to 'D' point in a parallel channel. I will be watching resistance level's closely for signs of a breakout to take a long before 'D'.
Once at 'D' which is around the one year high, there is a excellent 1:3 Risk to Reward short opportunity.
Any feedback would be really appreciated.
Thank You!
V
