EUR/AUD is forming a bearish shark pattern on the H4 chart.
Conditions for a valid bearish shark pattern are detailed below:
TP1 is set at 0.382 of CD leg and TP2 at 0.618.
At TP1 hit half position will be closed and stop loss moved to breakeven.
Conditions for a valid bearish shark pattern are detailed below:
- C: 1.13 - 1.618
- D: 1.618 - 2.24
- D: 0.886 - 1.13
TP1 is set at 0.382 of CD leg and TP2 at 0.618.
At TP1 hit half position will be closed and stop loss moved to breakeven.