I've never traded a shark pattern before, so i also don't know where to place stops with this one.
(I would say a 1ATR stoploss). But I did spotted a bearish shark pattern once on the 4H chart of AUDJPY. What I found interesting was that after the completion of the shark pattern, a bullish bat pattern was forming.
Anyway, would you dare to countertrend trade this bullish momentum?
(I would say a 1ATR stoploss). But I did spotted a bearish shark pattern once on the 4H chart of AUDJPY. What I found interesting was that after the completion of the shark pattern, a bullish bat pattern was forming.
Anyway, would you dare to countertrend trade this bullish momentum?