NZDUSD - Bearish Shark

10 באפר׳ 2022

Counter-trend traders could wait for a Bearish Shark shorting opportunity at 0.7138. Trading from Point C to Point D of the Shark Pattern is a dream of many newbie Harmonic Pattern traders.

Well, you might just have an opportunity as the candle respect the trendline. You could wait for a 3-bar reversal on the 4hourly chart for a buying opportunity.

In this case, the 1st target will be at 0.6973, that would give you an opportunity to shift stops to entry.