RaynLim

GBPAUD - 5-0 Pattern

Short
RaynLim Updated   
FX:GBPAUD   British Pound / Australian Dollar
A Bullish Shark Pattern has taken place on both 1-hourly and 15minutes charts of GBPAUD.

The market has reached and touched the 5-0pattern formation at 1.8358. If you like the deal to be sweetened, you can wait for the retest at 1.8366 without closing above 1.8368 for a shorting opportunity at the retest of the previous high.

Some traders would read the retest as double top, but it is not a double top.
Trade closed manually:
Manual Close: ​1.8343(+15)
Trade consolidate for too long, I'm not comfortable

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