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!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.