FullTimeTrader
Short

EURUSD-this bearish shark could save us

FX:EURUSD   Euro Fx/U.S. Dollar
1758 14 26
a year ago
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.
a year ago
Comment: first targe hit, moving sl to be
piphunter04
a year ago
sir i think the c point of shark pattern is below the x is not it ?
Reply
FullTimeTrader piphunter04
a year ago
Please check the rules:
http://www.profitf.com/articles/forex-education/harmonic-pattern-shark/
regards.
Reply
IvanLabrie PRO piphunter04
a year ago
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.
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FullTimeTrader IvanLabrie
a year ago
I agree, my long bias is bullish also. I will make some pips here and then look for longs. Regards.
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IvanLabrie PRO FullTimeTrader
a year ago
Never hurts ;)
Cheers! I'm off to eat pizza.
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IvanLabrie PRO IvanLabrie
a year ago
I did get a fill on one of my buys, let's see how this goes.
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IvanLabrie PRO IvanLabrie
a year ago
2nd fill in.
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FullTimeTrader IvanLabrie
a year ago
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
a year ago
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
a year ago
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
a year ago
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
FullTimeTrader TamaYU
a year ago
Yes! i must recognize i did mistake. Sorry guys, sometimes it happens. Thank your for your help!!. Regards.
+1 Reply
FullTimeTrader
a year ago
UPDATE: setup is working fine, but the clones are doing its job. The shark was not following the rules.
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