akhostov
Short

Bearish Shark Pattern Forming USDJPY (15 min)

FX:USDJPY   U.S. Dollar/Japanese Yen
124 0 1
Previous Bat Pattern failed to complete (shown in blue). A Bullish Shark Pattern (Red) that I was watching after I published the Bat pattern idea did complete in the early morning, resulting in a nice morning profit.

Currently watching a Bearish Shark Pattern that is forming with completion in between two structural levels (shown in green and red). There is 0.886 and 1.414 BC             confluence and the RSI currently has been showing Bullish Divergence since 14:30 UTC.

Upon completion. I would be looking for a retracement back to 117.8 (black line).

Trade wisely, trade responsibly.
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