Long at the Alt-Shark then Short on the Bear 5-0 Pattern.

As predicted from the previous analysis. And we got a bias that this market will soon to trend downwards. Could we go short on the Bearish 5-0 Pattern for a good entry to short with a bias with a shark Pattern Completion. You could go and take a long position with 56 pips of risk to a potential reward of 56 - 90 pips.

Alt-Shark Pattern completion at 0.7231. Stops below atleast 30-60 pips.
TP1: 0.7283
TP2: 0.7318

Bearish 5-0 Pattern completion at 0.7301 - 0.73186. Stops would be above the 61.80% of the (3)-(4) leg (CD leg of the bull alt-shark pattern)

See related ideas about the KIWI.

Comment:

Take note also of the Bull Cypher.

Comment:

Take nore if you have taken the Bull Alt Shark Pattern (113%) with 1:1 RR your trades aren't stop out yet. As per market right now. It did complete our Bull Cypher at 0.7181 Price handle. Will it go and reach atleast our TP 1 and go short on the Bearish 5-0 pattern.

Comment:

If you have taken long on this pair. You are/must already stopped out.