EURAUD - 4H - Shark at Key Resistance
EURAUD has formed a shark pattern that retests a very important zone for this pair in recent history. Since we didnt come up quite as much into the zone as i wouldve liked im not yet in this trade. however, if we can confirm the doubletop like structure on the lower timeframe by making new lows below it, i will hop on. with that confirmation you have the option to place your stops above the recent highs for a good risk reward. conserverative stop would still be above the shark PRZ but would still give us a nice 1:1
zoomed in and out view in the updates
zoomed in and out view in the updates
Note
Daily Timeframe for referenceNote
2H timeframe for reference
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.