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.
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.
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Take note also of the Bull Cypher.
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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.
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If you have taken long on this pair. You are/must already stopped out.