EURAUD - Potential Shark Pattern
We have a potential shark pattern completing on EURAUD.
It might be doing a C-D move of the shark right now.
Some interesting observation:
1. NFP was on thursday, but there was a huge vol spike on Friday
2. Hidden buyer or hidden seller?
I'm expecting usd denominated pairs to go higher this week with Euro leading the pack.
Stock indicies should also inch higher.
Same applies to EURAUD, I will be waiting at around 1.6410-1.6430 for a potential sell.
For daredevils, you can also consider trading the C-D move on this shark but it has higher rates of failure.
Good luck and good trading!
It might be doing a C-D move of the shark right now.
Some interesting observation:
1. NFP was on thursday, but there was a huge vol spike on Friday
2. Hidden buyer or hidden seller?
I'm expecting usd denominated pairs to go higher this week with Euro leading the pack.
Stock indicies should also inch higher.
Same applies to EURAUD, I will be waiting at around 1.6410-1.6430 for a potential sell.
For daredevils, you can also consider trading the C-D move on this shark but it has higher rates of failure.
Good luck and good trading!
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