GBPUSD - Bearish Shark
Updated
It is important to wait for Candle Confirmation even on the most familiar currency pair and most familiar setup.
The close of the current candle will determine if the Shark Pattern is valid. The Bearish Shark Pattern formed at 1.3177 and was confirmed once the candle closed at 1.3173.
As this is a 1-hourly chart setup at 1700(GMT +8) or latest by 1900, it will give us a clear picture if the trade is valid.
The close of the current candle will determine if the Shark Pattern is valid. The Bearish Shark Pattern formed at 1.3177 and was confirmed once the candle closed at 1.3173.
As this is a 1-hourly chart setup at 1700(GMT +8) or latest by 1900, it will give us a clear picture if the trade is valid.
Note
reuters.com/business/global-markets-wrapup-1-2022-03-17/Take note of possible rate hike decision announcing within an hour 8pm(GMT+8)
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