Before I talk about the Bullish Shark, I like to talk about the Bearish Shark Pattern(check out the related ideas posted within TradingView). That trade's target one has been attained{90.44} a total of 192pips captured, and its first target provides a 2.74 reward: risk ratio.
The market has to break and close below 89.81 will significantly increase the odds of the 2nd target being hit.
I will be shifting target2 further to 88.80, giving a 4:1 ratio to its risk profit.
If you have not engaged in the trade, do not chase the market.
I will then reverse the trade by counter-trend trading it as I engage the Bullish Shark setup.
The market has to break and close below 89.81 will significantly increase the odds of the 2nd target being hit.
I will be shifting target2 further to 88.80, giving a 4:1 ratio to its risk profit.
If you have not engaged in the trade, do not chase the market.
I will then reverse the trade by counter-trend trading it as I engage the Bullish Shark setup.
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🕒 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/
Related publications
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.