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RaynLim

GBPJPY - Bullish Shark Pattern

Long
British Pound / Japanese Yen (FX:GBPJPY)  
RaynLim  
FX:GBPJPY   British Pound / Japanese Yen
Shark Candlestick Analysis Supply and Demand askforex100 GBPJPY Bullish Shark trendtrading Candlestick analysis rsioversold
3
0
sharkpattern candlestick supplyanddemand askforex100 gbpjpy bullishshark trendtrading candlestickanalysis rsioversold
Most traders see this trading setup as a buy zone(blue rectangle) that has been broken. Well, you aren't wrong about it, but the trend has not turned bearish because I will need to wait for another break and close below the recent low(yellow eclipse) for that to happen.

I'm waiting for a Bullish Shark pattern for a buying opportunity, as long as it didn't break and close below the yellow eclipse, this can still be a strong buying opportunity.
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