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TerryHarmonicTrading
Apr 2, 2017 5:46 AM

CADJPY - Bearish Shark at 84.60 - 84.80 Short

Canadian Dollar/Japanese YenFXCM

Description

This setup is pretty correlated with my analysis on USDJPY.

Pattern Identification

Bearish Shark completes around 84.63.

Drawing in my strong S/R zone, I will not be surprised to see it going slight higher to 84.80.

This will be my zone of interest

Trade Execution

I hope to see a nice rejection around the zone I mentioned above.

EP: 84.60-84.80
SL: 85.10 (50)
TP: (CD Fib 50%)83.45 (115)

This setup will be invalited when price goes above 85.10 or if it continues falling without coming up to my zone of interest

Comment

Updated Shark Pattern. Still watching the same area for short opportunities.

Right now, I'm standing with the bulls.

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