Opportunity to Short CD leg of Potential Bullish Shark Pattern
Updated
It is risky but it is a very nice R:R. The target zone is a confluence of a bullish shark completion, an AB=CD pattern completion, the 50% retracement of the larger bullish move, as well as an area with some previous structure as a cherry on top. I will definitely be interested in longing from this area should the opportunity present itself.
(Note: the shark pattern may extend all the way to the 2.24 so it is important to watch price action in the rectangle to determine when to switch sides)
(Note: the shark pattern may extend all the way to the 2.24 so it is important to watch price action in the rectangle to determine when to switch sides)
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Here we gooo(?)
Comment
Securing some pips and leaving the rest of the trade risk free. How far can it go?
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