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Magiccandle

EURUSD - Bearish Shark Structure RetestA bearish shark has formed up at 8am(+8GMT) candle today, along with many of my harmonic patterns trade setup. I've chosen not to engage it as today is the day that many of the states vote counts will be released and we won't know what can happen. During my earlier live session, we had engaged this trade and I did mention as long as the 9pm(+8GMT) candle didn't break and close above the Major Resistance, I'm going to engage it. The best part is it is still below the bullish trendline. With the US Election 2020 and the Brexit Negotiation, I'm fundamentally bearish on this pair.
Short
by RaynLim
Trade Ideas Position: NZDJPY SharkWell this setup is interesting, it has a bearish shark setup and the light red box you see is not the PRZ of shark, that is the equal distant move indicated by the blue line. A way that I trade. So the estimation of completion of the blue line and shark completion is closed so I've decided to box it up and observe the movement, the candle close before I engage the trade. The real ABCD Pattern completes at the much higher price which still falls into the valid setup of the shark pattern. Yes! Shark Pattern is a crafty 1, if one is not ready to tame the beast, shouldn't trade shark.
Short
by RaynLim