Possible bearish shark pattern on AUDUSD 8-hour time frame.

14 Nis 2019

AUDUSD


Possible formation of bearish shark pattern on AUDUSD 8-hour time frame. The green square is a possible entry zone. The orange S/L lines are previous reversal points on the 4H and 8H time frames within the entry zone. The furthest S/L line was chosen as the entry point to have the best possible risk to reward ratio.

Two positions at 1% total.

14 Nis 2019

Not

Neutral at the moment waiting for the market to play out.

14 Nis 2019

Not

Was able to spot two smaller harmonic patterns (Shark and Butterfly) with the same entry on the 1-hour timeframe.