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AUD/CHF - Bullish Shark

Long
FX:AUDCHF   Australian Dollar / Swiss Franc
Hi TradingView community!
Here we have a bullish shark pattern on AUD/CHF 0.97% visible on the 4 hour chart.
Conditions for a valid shark pattern are:
  • AB leg extends OX leg between 1.13 – 1.618
  • BC leg extends beyond O by 1.13 of the OX leg
  • BC leg is also an extension of AX by 1.618 – 2.24
Trade management:
Take profit is set at 0.382 and 0.618 retracements of CD. At target 1, half position will be closed and the stop loss moved to breakeven.
Good luck!
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