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AUD/USD - Bearish Shark
Australian Dollar / U.S. Dollar
Short
AUD/USD - Bearish Shark
By LewisGlasgow
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Updated
Mar 22, 2017
8
9
Cheer
Cheer
5
5
Mar 21, 2017
Hello traders, just an update on AUD/USD 0.10% with a bearish shark pattern on the 1h chart.
Price has now reached resistance at the D point, I'm expecting price to sell-off from the current level.
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
This pattern could potentially turn into a 5-0 in the near future.
Keep an eye on this one, I hope you all have a great week!
Mar 22, 2017
Comment
Another trade resulted in a great profit for everyone, I'm just updating you all as always :)
This pattern will more than likely turn into a bullish 5-0, I suggest everyone closes their position around 0.76200.
Mar 23, 2017
Trade closed: target reached
Very successful trade, resulting in 120 pips profit. I'll now be looking to go long (see the chart below for details).
Bearish Shark
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