Biggest Profit Potential of the WeekThe Bearish Shark Pattern has been completed on the Daily Chart (right), but it will be crazy to trade off the Shark Pattern on the Daily Chart.
A better way is to engage it off the 1-hourly chart(left) using the Bearish Crab Pattern at HOP at retest with an RSI Divergence.
Hooooooo! It's a mouthful, but that's what I need to engage the trade. Even if it sounds like a perfect heist, there's a chance that we get multiple stop-out before hitting our first profit, but that's the trade I'm willing to take.
This GBPAUD trade almost synchronises with my GBPJPY trade, links at the bottom of this TradingView post. The only thing is that the trade is traded in an opposite direction, which creates a perfect hedge on the UK Pound.
As much as my brain loves to think 1 of them will hit stop-loss, not only does it create a perfect hedge, but I do see trades like these worked out.
That is why I'll trade once the market confirms my entry, regardless of what other traders might think.
