Here we have a valid Bullish Shark on the AUDUSD Four Hour with an excellent 1:2 Risk to Reward ratio.
Confluence Key points:
Highs - Three touches on a downward trend Lows - Two touches on an upward trend. Third on Upward trend should be in the PRZ for the Shark. Currently touching the 0.50 resistance level.
Second opportunity! If price bounces off of the 0.50 resistance level, I will be going short until Shark completion, excellent 1:3 Risk to reward.
Please do let me know of any thoughts or feedback.
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