Expansion Patterns
AUDCAD has a unique setup that I'd not seen before. We have shark patterns from the Weekly chart to the 1-hourly chart.
This is a clear sign of sideway increase volatility, a situation I DID NOT trade when I started trading 18years ago, not until I found the Shark Pattern trading strategy 12years ago.
I'm more comfortable waiting for the Shark Pattern form up on the 1-hourly chart at 0.8902. Not only because it was the lowest timeframe, which means lesser initial risk on the trade and the completion of the Shark Pattern lands on the Key Support level on the 1-hourly chart.
This is a clear sign of sideway increase volatility, a situation I DID NOT trade when I started trading 18years ago, not until I found the Shark Pattern trading strategy 12years ago.
I'm more comfortable waiting for the Shark Pattern form up on the 1-hourly chart at 0.8902. Not only because it was the lowest timeframe, which means lesser initial risk on the trade and the completion of the Shark Pattern lands on the Key Support level on the 1-hourly chart.
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discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
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