lyl89

AUDCAD - 2 Possible Shark Patterns Forming

lyl89 Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
5
I spotted 2 shark patterns to trade next week.

Best case scenario :
  • Green shark pattern completes, we short till D-leg of blue shark pattern.
  • Blue shark pattern completes, we long.

The green shark pattern seems to be completing faster, I will zoom in using H1 chart to provide more details under my comments.
Comment:
Here's more details on the green shark pattern.
PRZ area is from 0.886 XC retracement to 1.618 BC extension.

I will update more when pattern completes.
Trade closed: target reached:
TP1 hit.
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