Mikoxl.
Short

Bearish Shark pattern almost completed

FX:USDJPY   U.S. Dollar/Japanese Yen
522 10 8
I've never traded a shark pattern before, so i also don't know where to place stops with this one.
(I would say a 1ATR stoploss). But I did spotted a bearish shark pattern once on the 4H chart of AUDJPY             . What I found interesting was that after the completion of the shark pattern, a bullish bat pattern was forming.

Anyway, would you dare to countertrend trade this bullish momentum?
malespisan
2 years ago
no
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Mazen_alhegili
2 years ago
am not happy with this Sharp candle
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Mikoxl. PRO Mazen_alhegili
2 years ago
Ok, can you explain why?
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Mazen_alhegili Mikoxl.
2 years ago
I just don't feel comfortable taking this sharp candle I like to go long is this case, 102 nice breakout for me tp at 105.
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Mikoxl. PRO Mazen_alhegili
2 years ago
OK, that makes sense in a way. Cheers
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Mazen_alhegili Mikoxl.
2 years ago
I was waiting days for today breakout check my chart on usdjpy.
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Mazen_alhegili
2 years ago
Critical area
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Mikoxl. PRO
2 years ago
I shorted the market after the FOMC with 2 small positions. My first target is a 50% retracement. However, if price has trouble breaking the 0.236 retracement indicating the prior uptrend is too strong, I will reduce risk by setting my SL to BE. Second target is the 0.886 retracement. But that depends on how price reacts at the 50% retracement level (BIG IF it gets there).

snapshot
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Mikoxl. PRO Mikoxl.
2 years ago
Shorting possibility on the 15M. (another entry technique to go short). This whole shorting thing does feel weird, the USD is so strong at the moment.

snapshot
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Mikoxl. PRO
2 years ago
target 1 was hit @ 50% retracement
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