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GBP INDEX Shark Pattern Analysis and StrategyWe 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
EURGBP Harmonic Shark Pattern Analysis ans Strategy We see the completion of the shark pattern on the 4 hr chart which signaled us to buy the pair. The position is further validated but bouncing off a major support zone. Our take profits are set at the green major and minor resistance zones. OANDA:EURGBP
AUDUSD Harmonic Gartley Pattern Analysis and StrategyA Gartely Pattern is forming on the 4 hour chart and we are predicting it to complete the formation, therefore we are trading the 4th leg of the pattern. Our strategy will stay valid as long as price stays above .0753, but a recent break of the yellow trend line has already gave out strategy confirmation. FX:AUDUSD
CADCHF Harmonic Bat Pattern Analysis and StrategyWe are predicting the Bat Pattern to complete as long as the red resistance zone is not broken. Our strategy is to trade the 4th leg of the pattern, but a break of the red zone will make the pattern invalid, therefore we will close our position. OANDA:CADCHF
EURNZD Harmonic Crab Pattern Analysis and Strategy Our trade was accurate so we bought it as the crab pattern formed. We closed now part of our positions @ the 38.6 fib of the 4th leg of the pattern. We can see that the 38.6 Fibonacci level coincides with the 4 hour green resistance area, therefore we reduced our position and took profits. We are keeping our other positions open and looking for the 50 and 61.8 Fibonacci levels. FX:EURNZD