GPBUSD Trade Idea Bearish Shark Pattern
CHART TIMEFRAME: H4
PATTERN: Bearish Shark Pattern
PREDICTED PRICE ACTION: Bearish Shark Pattern would be completed at D 1.44120. On the Daily chart, we have Bearish Black Swan pattern which would be completed at 1.44300 as shown in the below:
TRADE: SHORT
AREA OF ENTRY: 1.44100 – 1.44450
STOP LOSS: 1.45100
TAKE PROFIT 1: 1.43420
TAKE PROFIT 2: 1.42800
NOTE: We need to see the Daily Closing of the price. Wait for the price reaches the area of entry. Daily closing above the area of entry would invalidate the setup.
Keep your risk limited 1% of your account size.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
PATTERN: Bearish Shark Pattern
PREDICTED PRICE ACTION: Bearish Shark Pattern would be completed at D 1.44120. On the Daily chart, we have Bearish Black Swan pattern which would be completed at 1.44300 as shown in the below:
TRADE: SHORT
AREA OF ENTRY: 1.44100 – 1.44450
STOP LOSS: 1.45100
TAKE PROFIT 1: 1.43420
TAKE PROFIT 2: 1.42800
NOTE: We need to see the Daily Closing of the price. Wait for the price reaches the area of entry. Daily closing above the area of entry would invalidate the setup.
Keep your risk limited 1% of your account size.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
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