Hi TradingView community!
Here we have a bullish shark pattern on AUD/CHF 0.97% visible on the 4 hour chart.
Conditions for a valid shark pattern are:
Take profit is set at 0.382 and 0.618 retracements of CD. At target 1, half position will be closed and the stop loss moved to breakeven.
Good luck!
Here we have a bullish shark pattern on AUD/CHF 0.97% visible on the 4 hour chart.
Conditions for a valid shark pattern are:
- AB leg extends OX leg between 1.13 – 1.618
- BC leg extends beyond O by 1.13 of the OX leg
- BC leg is also an extension of AX by 1.618 – 2.24
Take profit is set at 0.382 and 0.618 retracements of CD. At target 1, half position will be closed and the stop loss moved to breakeven.
Good luck!