We're looking at a complete bullish shark on a 4h chart for EUR/AUD, this is an excellent buying opportunity. To add to this I'm currently bullish on EUR/JPY with another harmonic pattern, you can find my analysis in the related ideas section below.
Just before anyone points out I am fully aware the C point extends the 1.618 retracement but the candlesticks have all closed below it.
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618 (Price has spiked just above 1.618)
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
Do you want more trading inspiration? Connect with me below :)
Instagram: www.instagram.com/lewglasgow
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Just before anyone points out I am fully aware the C point extends the 1.618 retracement but the candlesticks have all closed below it.
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618 (Price has spiked just above 1.618)
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
Do you want more trading inspiration? Connect with me below :)
Instagram: www.instagram.com/lewglasgow
Facebook: www.facebook.com/lewglasgow
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
