AUDNZD - Bearish Shark Completion
AUDNZD looks like it is completing a bearish shark.
The c point is not at ideal 1.13, however I checked with Scott Carney on the rules and he taught me that a fake breakout A can still be a valid point C for a shark pattern.
i will be waiting for some support to break before i go short. (black trendline)
No break no trade.
Stops should go above XC 1.13
Targets will be around CD 0.5 and 0.886.
good luck and good trading!
The c point is not at ideal 1.13, however I checked with Scott Carney on the rules and he taught me that a fake breakout A can still be a valid point C for a shark pattern.
i will be waiting for some support to break before i go short. (black trendline)
No break no trade.
Stops should go above XC 1.13
Targets will be around CD 0.5 and 0.886.
good luck and good trading!