As a trader, I prefer to search for trades that display a distinct direction on the higher timeframe and then hone in on that direction on the lower timeframe.
However, I understand that some traders prefer to jump on opportunities as they arise.
This week, the AUDUSD has presented us with such an opportunity, as the Bullish Shark Pattern trading setup has completed at 0.6637.
The next step is to wait for a confirmation of a candlestick pattern on the 4-hourly chart before entering the buy position. This approach provides a clear plan and enables us to make informed decisions based on sound trading principles.