A bullish shark pattern has formed up as a counter-trend trading opportunity.
I have personally engaged the trade and look at the wick of the candle, almost took off my stops and right now the trade is back on my entry price.
I will be watching closely with no plans of intervein this trade as I am also a rule-based trader.
Let see how this trade roll out. Like...
We see the formation of 2 harmonic shark patterns, big (blue) and small (pink). This signaled us to buy trading the 4th leg of the shark patterns. The small one completes @ 0.7109, which is our target and where we will close our position in profit. OANDA:AUDCHF
We are trading 4th leg of the predicted shark pattern. We are looking for price action to break the yellow trend line which will take us to out targets on the 1st and 2nd green zones, which will complete the pattern as well. NASDAQ:GBP
We see the completion of the shark pattern on the 4 hr chart which signaled us to buy the pair. The position is further validated but bouncing off a major support zone. Our take profits are set at the green major and minor resistance zones. OANDA:EURGBP
We are predicting the pair to complete the shark pattern shown on the 4 hour chart. We bought the pair and our current strategy is to trade the 4th leg of the pattern with out take profit at the green resistance zone. OANDA:EURGBP