Traine

Bearish Shark TP in play

FX:EURAUD   Euro / Dollar Australia
1
I found that this pair has a huge ATR. So I just married it as one of my pairs to catch massive pips. I charted out my Quarter Points, with my Quarter Point zones around it. I plotted a 21SMA for confluence in the direction of my bias. Found a Bearish shark made its completion. Usually the TP of harmonic levels are 38.2 and 61.8. But listening to Scott Carney who invented the Harmonic pattern, he indicated that the min TP for a Shark should be 50%. So once price hits the 50% i will see if it stalls out and bounces up or continues down to the 61.8 TP.
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