As a trader, I prefer to search for trades that display a distinct direction on the higher timeframe and then hone in on that direction on the lower timeframe.
However, I understand that some traders prefer to jump on opportunities as they arise.
This week, the AUDUSD has presented us with such an opportunity, as the Bullish Shark Pattern trading setup has completed at 0.6637.
The next step is to wait for a confirmation of a candlestick pattern on the 4-hourly chart before entering the buy position. This approach provides a clear plan and enables us to make informed decisions based on sound trading principles.
However, I understand that some traders prefer to jump on opportunities as they arise.
This week, the AUDUSD has presented us with such an opportunity, as the Bullish Shark Pattern trading setup has completed at 0.6637.
The next step is to wait for a confirmation of a candlestick pattern on the 4-hourly chart before entering the buy position. This approach provides a clear plan and enables us to make informed decisions based on sound trading principles.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.