Short

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

Updated

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.

Note

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

Note

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

Just_Pips

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