Do not trade based on my ideas. I am a novice trader and post these for your interest only.
Let's try this again AUDUSD. We're rapidly approaching point D of a shark formation.
-Point D here is the highest price where the formation is true - the formation still follows the rules of shark pattern all the way down to about ~.75 price. -Point D here neatly coincides with a daily trendline with 2 points of contact only - my hope is it will touch this and ricochet
-There is a red line the daily price has broken below - this is a weekly trendline that AUDUSD previously broke above -- I am treating this move as a pullback and therefore would hope to see price close for the week above this line....but it is Friday so if it's going to do that it better get moving fast!