Night_Trader
Short

Bearish pattern overlap in GBP-USD 4 H chart.

FX:GBPUSD   British Pound/U.S. Dollar
524 1 1
Shark pattern (orange) and Crab pattern (grey-blue) overlap. The Shark has a big reversal zone up to the 1.113 extension. So one could try to get in right at the beginning with a smaller R/R ratio or one could wait for the Crab to complete, which would be also precisely at a "Double Top" position. This would result in a better R/R than the Shark . The Target should be maximum of 0.5 retracement of the last move up from the bottom, which we do not know yet. So better define latest resistance for now at the grey-blue X as a target.
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