AUDUSD - Bearish Shark Pattern
This is the 4 hour chart of AUDUSD.
It is currently still on a big downtrend within an ED channel.
Harmonics can be used to pick big market reversal, but it also can pick smaller reversals that aligns with the bigger timeframe.
In this case, we have a bearish shark which aligns with the h4 bearish trend.
PRZ: 0.7160
SL: 0.7210
TP1: 0.7090
TP2: 0.7040
We shall go short when the markets reacts to the PRZ zone, no reaction no trade!
Limit your risk to not more than 2% per trade, all the best!
It is currently still on a big downtrend within an ED channel.
Harmonics can be used to pick big market reversal, but it also can pick smaller reversals that aligns with the bigger timeframe.
In this case, we have a bearish shark which aligns with the h4 bearish trend.
PRZ: 0.7160
SL: 0.7210
TP1: 0.7090
TP2: 0.7040
We shall go short when the markets reacts to the PRZ zone, no reaction no trade!
Limit your risk to not more than 2% per trade, all the best!