EURAUD is completing a potential combination of 4 short harmonic patterns within a tight PRZ. In addition to bearish Crab, Bat, and Shark patterns an ideal AB=CD reciprocal ratio (.618/1.618) will be complete in the same area. Targets are placed at the .382 and .618 retracements of the CD leg.
Confluence in the PRZ: 1. Bearish bat pattern completion 2. Bearish crab pattern completion 3. Bearish shark pattern completion 4. 1.618AB=CD 5. 1.618BC projection
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