Evening guys!
This time we have Shark Pattern formed on AUDUSD daily chart. The pattern has proper alignment of ratios required to validate the structure. In addition we can see a distinct divergence between the price and RSI indicator what significantly increases chances of a reversal of the current situation.
TP's are set on 38,2% and 61,8% of the CD leg.
Best trades!
This time we have Shark Pattern formed on AUDUSD daily chart. The pattern has proper alignment of ratios required to validate the structure. In addition we can see a distinct divergence between the price and RSI indicator what significantly increases chances of a reversal of the current situation.
TP's are set on 38,2% and 61,8% of the CD leg.
Best trades!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.