FullTimeTrader
Short

EURUSD-this bearish shark could save us

FX:EURUSD   Euro Fx/U.S. Dollar
1758 14 26
Some patterns failed before but finally this bearish shark should work because we have the significant round number 1.1500 near.
I'm entering now with targets shown chart.
We have a clone acting as reaction level also (see below)
snapshot
most important the risk is low.
come on shark!!!

Regards.
Comment: first targe hit, moving sl to be
sir i think the c point of shark pattern is below the x is not it ?
Reply
FullTimeTrader piphunter04
Please check the rules:
http://www.profitf.com/articles/forex-education/harmonic-pattern-shark/
regards.
Reply
IvanLabrie PRO piphunter04
Ah, good point, isn't that the case?

I don't see it retracing too deeply, but I do have pending buys a bit lower.
Reply
FullTimeTrader IvanLabrie
I agree, my long bias is bullish also. I will make some pips here and then look for longs. Regards.
Reply
IvanLabrie PRO FullTimeTrader
Never hurts ;)
Cheers! I'm off to eat pizza.
Reply
IvanLabrie PRO IvanLabrie
I did get a fill on one of my buys, let's see how this goes.
Reply
IvanLabrie PRO IvanLabrie
2nd fill in.
Reply
FullTimeTrader IvanLabrie
Are you long already! good luck! One advice would be to choose a better entry point but long term this pair should rally.
Reply
IvanLabrie PRO FullTimeTrader
I'm long from 1.1354.
This is a short term long to capture a small retrace and further rally to retest the recent high.
My wave count is unlike most here, this is an expanding triangle C up. Should be unstoppable.
Reply
I'm not a shark pattern trader, and therefore i'm not to familiar with the rules. But isn't the C point supposed to go beyond the A point? According to your rules the C point must be at least a 113% extension of the X-A leg. Just asking out of curiosity.
Reply
FullTimeTrader gabrielvarvik
Please check the rules. point C could be between 0.8860 and 1.13 fib. regards.
http://www.profitf.com/articles/forex-education/harmonic-pattern-shark/
Reply
TamaYU FullTimeTrader
indeed but ur B point should be lower than ur X for it to be a shark.. must draw a line from a bat vs a shark.
Reply
Yes! i must recognize i did mistake. Sorry guys, sometimes it happens. Thank your for your help!!. Regards.
+1 Reply
UPDATE: setup is working fine, but the clones are doing its job. The shark was not following the rules.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out