GBPJPY - POTENTIAL SELL

Price reached a 4 Hours Order Block and it has completed a SHARK Harmonic Pattern that shows potential reversal.

SHARK PATTERN
X - The highest point
A - the lowest point
B - around 50 Fib from XA - is not the most important point
C & D are the most important points
C is lower than A and the distance AC = 1.13-1.618
D - between 1.618 - 2.24 on Fib extension for BC; it cannot be bellow or above
XD = 0.886-1.618 - it cannot be bellow or above

Once D is completed , we look for a potential trend reversal.

ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% GANN BOX LEVELS

STOP LOSS
above the X point (add the spread) or above the 4H Order Block

TARGETS

TP1 - 32.8 level of CD Fib retracement
TP2 - 50 level of CD Fib retracement
TP3 - 61.8 level of CD Fib retracement
If TP align with 15 MIN order blocks is another confluence

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