latrader

latrader

Potential Bear Shark. Looking for target to hit at most 1.618 extension of BC leg. But might also hit between .886-1 of XA leg.

latrader

There's a lot of stuff going on but I'm eyeing a short OP on the AUDCAD for several reasons. The main key is confluences of harmonic movement. We can see in bright blue a potential ABCD short at the 1.27/1.382 movement. There is also another green ABCD short opp at 1.27/1.382 movement. Green 1.27 and Blue 1.382 meets confluence. Both ABCD has perfect 61.8...

latrader

Charted this last night as it was forming. Hit sell point. Fast reversal. First target hit. Waiting for second target. If it retraces to sell zone, possible short again at ABCD. However, structure is on high side so it might be big picture long. Gotta respect stops.