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RaynLim
Mar 23, 2022 9:27 AM

AUDCAD - Bearish Shark Checkback Short

Australian Dollar/Canadian DollarFXCM

Description

If you had read my previous analysis, this is how Shark Pattern works, when the Shark Pattern hit its stop loss, it may present you another trading opportunity of a further entry price.

The problem with most trader is the hesitance to engage the trade, and I can understand that, you just got stop out. You aren't certain if this should be the trade to take.

The Shark Pattern could present as much as 3 entry price to engage the same trade. It is common that a trader can feel distraught when they get stop-out 3 times within the same trade. But once you get comfortable with the Shark Pattern, it brings you more profits and losses in the long run.

What I love about this Bearish Shark Pattern is that this is the last possibility of the Shark Pattern on this setup.

I got stung out on the previous Shark Pattern, but luckily for me the Stop-Loss is only 39pips. Well, that's possible because of my background on structure trading for the past 17years.

What about you? Are you comfortable tading the Shark Pattern?
Comments
nagaHHunter
this went well
RaynLim
@nagaHHunter, Regardless, it is important to do your very own analysis. Do not follow blindly
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