AUDJPY - Bearish Shark at 87.45
Hey traders, I am preparing myself for my webinar tonight.
This is what I see on AUDJPY
Pattern Identification
AUDJPY will complete bearish shark at 87.45.
Trade Execution
I will wait for a reaction at 87.45 before going short.
The reaction is typically a pinbar candlestick or an engulfing candlestick pattern.
Close to the reversal zone, I hope to see a black stopping volume on this volume indicator which I am trying to pair it together with Harmonic Patterns. A stopping volume will usually happen before price reaches the PRZ.
Am still testing and observing, will write about it once I get some concrete statistics of the effectiveness.
SL will be at 87.90 and TP will be at 85.35
This is what I see on AUDJPY
Pattern Identification
AUDJPY will complete bearish shark at 87.45.
Trade Execution
I will wait for a reaction at 87.45 before going short.
The reaction is typically a pinbar candlestick or an engulfing candlestick pattern.
Close to the reversal zone, I hope to see a black stopping volume on this volume indicator which I am trying to pair it together with Harmonic Patterns. A stopping volume will usually happen before price reaches the PRZ.
Am still testing and observing, will write about it once I get some concrete statistics of the effectiveness.
SL will be at 87.90 and TP will be at 85.35
Comment:
Heading towards point D now.