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TheForexSamurai
Nov 29, 2021 2:50 PM

Long Trade Setup - TRS on Bullish Shark Pattern completion Long

USD/JPYOANDA

Description

An upcoming TRS setup on a bullish Shallow Shark pattern completion (88.6%XC) already for a potential long trade opportunity. Price dropping to 55,600 USDT or lower will invalidate the setup or probably will hit the SL when setup is taken. So trade with care and be responsible.

Legends:
Blue line: Aggressive entry order
Gray Zone: Potential Reversal Zone (PRZ) - zone of interest to look for a trade
Red dotted line: Stop-loss order
Red dash line: Setup point of ruin (POR) @ 1.13
Green line: Target profit order (TP1 @ 0.382/TP2 @ 0.618)
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