lovelace

lovelace

This pair completed a crab pattern yesterday. I entered short at 1.67667. Looking to take profits at 1.66644 and 1.65483.

lovelace

The CD leg of the shark pattern has reached the 1.61 retracement of the BC leg. I'm waiting for confirmation of reversal before entering short somewhere between here (~1.389) and 1.40. If the reversal happens sooner rather than later, there is also the possibility of a Gartley pattern presenting an opportunity for a long position somewhere around the 1.3527 support level.