Missed Idea shark pattern AUDJPY short setup

LifeWithRyFX Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
The same applies every time I look for entries with that shark pattern, I first look for an ABC PATTERN. Then set the fib tool to identify pull backs.. sit and wait for the market to give me a signal and take the trade.

I've passed funded accounts with this method and still doing it. i usually aim for a 1:2 or 1:8 RR it really depends
This would have been a decent trade to take, as predicted that pop back into my D zone for more entries short based on price action.

This pair is respectful of my strategy, and that is what you want.
when price starts to consolidate around (B) zone this could be a make or break long or short.

however in this case as (C) is take profit ill be seeking short entries risk reward 1:2/3
well, that was a long and boring trade... but due to FOMC I would be closing positions..
Order cancelled

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.