GBPCHF - Type 2 Bearish Shark + Bearish Bat Pattern 숏

British Pound/Swiss FrancFXCM

설명

⋅ 2017년 3월 30일 오전 2시 19분

I was eyeing this Bearish Shark yesterday. I guess the Article 50 completed the patterns and it reacted to the PRZ.

Pattern Identification
The bearish Shark completed yesterday when the price went up to 1.2420.
It immediately reacted to the levels and dropped.

Now there is a smaller bearish Bat (in green) completing at the same level 1.2420.
Also a Type 2 trigger for the Shark pattern

Trade execution
Again, I would like to see a price reaction at the PRZ to confirm that it is a good resistance turning point. Let's monitor this together

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⋅ 2017년 3월 31일 오전 1시 55분

I was on the road yesterday and could not update this trade.
Anyways, there was no trade, the signs were there to avoid the trade

Price just went higher, through the PRZ and never respected the PRZ.
A huge warning sign to avoid the trade

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⋅ 2017년 3월 31일 오전 1시 57분

Better image to see the candlesticks

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UnknownUnicorn478105

⋅ 2017년 3월 31일 오전 5시 49분

Hey BoonHooi, Do you mean that the price never reached the PRZ again in Type 2 and therefore you didn't consider the trade right? It looks like the candle at 11:00 almost entered the PRZ again and then the price moved in our direction and reached your TP1 and only then changed and went up through the PRZ. Thanks :)