RaynLim

Trade Ideas Position: NZDJPY Shark

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Well this setup is interesting, it has a bearish shark setup and the light red box you see is not the PRZ of shark, that is the equal distant move indicated by the blue line. A way that I trade.

So the estimation of completion of the blue line and shark completion is closed so I've decided to box it up and observe the movement, the candle close before I engage the trade.

The real ABCD Pattern completes at the much higher price which still falls into the valid setup of the shark pattern. Yes! Shark Pattern is a crafty 1, if one is not ready to tame the beast, shouldn't trade shark.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

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