CADCHF - Bullish Shark Completion

Hey guys, this is yet another Shark setup on CADCHF.

Pattern Identification

Bullish Shark at 0.7330

Trade Execution

I will wait for a rejection of the 0.7330 zone before entry.

I hope that volume when price reaches that zone will be relatively low.

My entry will be at the close of the first green bar after the PRZ is reached.

EP: 0.7330
SL: 0.7280 (5)
TP1: 0.7465 (115)
TP2: 0.7570 (220)

Note

We are right there at the PRZ. Price MUST stabilize over the next 3-5 candles and start to reverse for us to enter a trade.

Else this trade idea will no longer valid.

Note

tradingview.com/chart/SZUXCiPL/

In 20 mins, as long as the green bar closes strong, at least 2/3 is green, I am going long.

This is a low vol easy push up at yesterday's low.

Note

Still waiting for price to go above PRZ before long.

Note

Patience paid off.

No loss is win for me.

PRZ breakdown, be very patient and wait for "regret" push back above the PRZ before any longs.

Price continue drifting lower and I prevented a losing trade.

TerryHarmonicTrading

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TerryHarmonicTrading

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