Trading_Jazz
Short

Big Shark on rough waters // IF=THEN ®

FX:AUDCAD   Australian Dollar/Canadian Dollar
FX:AUDCAD            

I believe in a trend continuation, IF the price break resistance and ignore the Small Cypher pattern , i will keep search for LONG opportunities;

Small cypher not yet completed (21 pips missing), stuck with previous support, now resistance, and the pressure it is almost tactile, furthermore, price action is printing lower highs and higher highs (check lower time frame).

*Obviously, this is a IF = THEN scenario, so be prepared for eventualities.

Check previous published idea:
Short the Cypher @D // IF=THEN ®

Bearish Patterns: (Short @D) IF=THEN

The Big Shark:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
88.6% to 113% XC
Target:
38.2% to 100% CD

Small Cypher: (red)
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC            
88.6% to 113% XC
Target:
38.2% to 100% CD

Safe Trades;
https://open.spotify.com/track/7Fm3NhbAYHvTQUhboim9FB
snapshot

breaking UP this one hour channel will be bullish PROVIDED that the price fall back and find support here
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I agree with your Idea, still watching the setup because it hasn't fully formed. Still missing the bearish candle and its confirmation.
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i don know anything about shark.. but i know the names of candlestick patterns, and most important, diff approach gives certain confluence of price target ^_^
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Nice point of view there! ;) Thanks!
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