AUDUSD - Bearish Shark
Have you shorted this wonderful setup? The beauty and challenge of this trade is that it has a Bat Pattern within the Shark Pattern. The good thing is that it completes at the same point and the bad thing is that by the rule of it, the bearish bat pattern has a stronger influence over the bearish shark pattern.
Either way, I'd shifted stops to entry and observe closely how the market react at the 1st target.
And also, on the daily chart, it has a head and shoulders formation, although it didn't fit our criteria to short it does give additional points to the entire setup.
Either way, I'd shifted stops to entry and observe closely how the market react at the 1st target.
And also, on the daily chart, it has a head and shoulders formation, although it didn't fit our criteria to short it does give additional points to the entire setup.
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