Trade Ideas Position: NZDJPY Shark

2019年10月18日

Well this setup is interesting, it has a bearish shark setup and the light red box you see is not the PRZ of shark, that is the equal distant move indicated by the blue line. A way that I trade.

So the estimation of completion of the blue line and shark completion is closed so I've decided to box it up and observe the movement, the candle close before I engage the trade.

The real ABCD Pattern completes at the much higher price which still falls into the valid setup of the shark pattern. Yes! Shark Pattern is a crafty 1, if one is not ready to tame the beast, shouldn't trade shark.