GBP/CHF: Back short on completion of the shark(s)!!
My previous idea on this pair to go long off of a bounce from the support zone worket out great, most of my targets were met, I closed the rest because of this idea here!
I'm already short again now with a small position from 1.5056 because I had signs of PA reversing before full completion of the shark (SL at 1.5120). I am now looking to add shorts based on the completion of the smaller of 2 possible sharks. If the smaller shark doesn't work I will be watching PA around the resistance zone because completion of the bigger shark would also mean that the resistance zone would be broken, so not sure if there is alot of profit potential going short off of the larger shark, we could very well continue upwards from there to completion of the bat on the 4H chart!
I'm already short again now with a small position from 1.5056 because I had signs of PA reversing before full completion of the shark (SL at 1.5120). I am now looking to add shorts based on the completion of the smaller of 2 possible sharks. If the smaller shark doesn't work I will be watching PA around the resistance zone because completion of the bigger shark would also mean that the resistance zone would be broken, so not sure if there is alot of profit potential going short off of the larger shark, we could very well continue upwards from there to completion of the bat on the 4H chart!
Trade closed: target reached
