About meNewbie trader here. I started getting into trading this past March. Currently learning, studying, and practicing FOREX trading in a demo account. That said, the ideas that I publish are more for my own learning process than necessarily provide advice to
The CD leg of the shark pattern has reached the 1.61 retracement of the BC leg. I'm waiting for confirmation of reversal before entering short somewhere between here (~1.389) and 1.40.
If the reversal happens sooner rather than later, there is also the possibility of a Gartley pattern presenting an opportunity for a long position somewhere around the 1.3527 support level.