EURAUD - 15M - Shark

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Currently waiting on a confirmationsignal to short this shark. We either have the Butterfly completionpoint above or the break of structure below to go short.

What will the market do?

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ملاحظة

on the 1m the levels are a bit more clear.

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ملاحظة

the butterfly to the upside isnt clearn enough anymore. so i wont use it as an entry. im still watching the lower structure and the trendline tho

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ملاحظة

my way into this trade will look like this
im selling either way. stops above the highs of the consolidation so 5310ish

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تم فتح الصفقة

didnt get filled on top by 1 or 2 ticks so im trading the breakout to the upside. to compensate for that i decided to run with a stop above the flag pattern

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تم فتح الصفقة

breakout to the dowside****

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ملاحظة

TG1 hit for roughly 2:1.
stops BE and waiting for TG2(618 retracement of the shark)

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ملاحظة

we are currently forming a flagpattern really in the middle of nowhere, so i dont see any reason why the market shouldnt go further down from here.
since im already breakeven im looking to add to this position if we can break the flag.

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ملاحظة

entry didnt happen and signal terminated by a momentum spike to the upside. i will be looking for a bigger ABCD to maybe go short again, but for now nothing. stops for TG2 are still at BE

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ملاحظة

TG2 stopped out for breakeven trade closes