It's NOT Perfect, but would you say NO to 309pips of Profit Potential?
The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be.
Alternative ways to engage the trade, is to wait...
It depends if you are looking for a buying or selling opportunity on the EURJPY. Traders who are looking for shorting opportunities could wait for a Bearish Shark Pattern retest at 145.31.
If you are looking for a buying opportunity, the Bullish Gartley Pattern on the Trendline that completes at around 141.63for a buying.
If you have no issues trading both...
My money is in the Bearish 5-0 Pattern within the NZDUSD chart. That's an important trend trading setup and gives me the opportunity to ride onto the wave. But in order for the 5-0 Pattern to be valid, the Bullish Shark has to happen.
Let's wait and see how the market responds from here.
Question:
Would you engage the Bullish Shark Pattern when it forms...
