Potential Bullish Shark Pattern completing on GBPUSD
Observation on the GBPUSD H1/H4
The formation of a potential shark pattern around 1.29.
Price has completed the XABC move of this pattern.
With a break of the upsloping trendline at point C, I am expecting price to come down to 1.29 where I will be interested to go long on a shark pattern.
Potentially I can look for a 3:1 R:R move with a buy on the completion of this pattern.
Aggressive traders can look to short GBPUSD from point C at 1.3180 to point D at 1.29.
The formation of a potential shark pattern around 1.29.
Price has completed the XABC move of this pattern.
With a break of the upsloping trendline at point C, I am expecting price to come down to 1.29 where I will be interested to go long on a shark pattern.
Potentially I can look for a 3:1 R:R move with a buy on the completion of this pattern.
Aggressive traders can look to short GBPUSD from point C at 1.3180 to point D at 1.29.