A buddy just asked how come I like Shark Patterns so much. Its not that it is my favourite pattern or anything like that, it is just a fact that it happens more often than other patterns. I'll just look to trade what I see as long as it passes my trade filters
USDJPY completed the Bearish Shark on the Daily TF. Now waiting for the retest of the PRZ as it forms another bearish Bat on the smaller TF
Let's see how this plays out
USDJPY completed the Bearish Shark on the Daily TF. Now waiting for the retest of the PRZ as it forms another bearish Bat on the smaller TF
Let's see how this plays out
Comment:
The H1 bearish Bat
Trade active:
Completed the bearish Bat. Orders triggered at 109.888. stops above 110.20
Comment:
If this is to drop, it should be soon !!
Trade active:
If you are just trading the H1 pattern above, you would have hit TP1 already (roughly 40-50pips up). I am taking my chances, looking at the daily targets.