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RaynLim
Mar 28, 2021 3:26 PM

AUDUSD - Bearish Shark Short

Australian Dollar/U.S. DollarFXCM

Description

A bearish shark pattern form within the 1-hourly sell zone, but on the 4-hourly chart the same zone it's merely a consolidation area. I won't be surprised if the consolidation zone(black box) is broken and the market heads towards the red zone before any shorting opportunity.

Hence, candlestick confirmation became important.
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