Eth reacted around the 88% retrace of this bullish shark, since then its risen around 10%. Not many indicators show bullish signs so I wouldn't take up a position around here. I got in at 2940 with 20x and will look to add if we fall to around 3130, a break and confirmation of 3000 would make me close my position. Initial target is 3500 however I only plan on...
A bullish shark pattern has formed up as a counter-trend trading opportunity.
I have personally engaged the trade and look at the wick of the candle, almost took off my stops and right now the trade is back on my entry price.
I will be watching closely with no plans of intervein this trade as I am also a rule-based trader.
Let see how this trade roll out. Like...
We see the formation of 2 harmonic shark patterns, big (blue) and small (pink). This signaled us to buy trading the 4th leg of the shark patterns. The small one completes @ 0.7109, which is our target and where we will close our position in profit. OANDA:AUDCHF
We are trading 4th leg of the predicted shark pattern. We are looking for price action to break the yellow trend line which will take us to out targets on the 1st and 2nd green zones, which will complete the pattern as well. NASDAQ:GBP