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Bearish Shark

AUDUSD - Short or wait?Trend line resistance based on daily chart have been respected so far, price seems to be holding now. There is potential to short at the top of this ED channel, a bearish shark pattern has also been sighted. RSI is now at overbought level. Why one might not short : - Bullish engulfing candle - EMAs crossing, diverging - Events happening tomorrow morning in AU. 1. AU Employment Change results 2. AU Unemployment Rate However, potential 1:4 Risk:Reward if you choose to short on the next candle: SL 35 pips TP1 95 pips TP2 170 pips I might go with a short if RSI shows a bearish divergence.
Short
by lyl89
2
Larsen & Toubro (LT) : Bearish Shark & ResistanceActually I noted this pattern when I came across a ping in my private messages..else I might have skipped this. Here we have a bearish shark pattern ( I usually don't prefer sharks, bcos they are as dangerous as their name :) ). Its completion zone for LT is exactly in resistance zone, based on valid reversal confirmation I will initiate short positions here. If it reverses we will have double top also in LT. Hit Likes if you agree.... Thanks for your support...Happy Trading !
NSE:LTShort
by InsiderB
GBP/CHF Bearish Shark Pattern GBP/CHF potentially in bearish shark pattern in daily chart. We may go short today and put your SL around 1.55669. Put your first target profit in TP 1 around 1.53985, and maybe the price will temporary retrace around these area before continue to breakout to our next target in TP 2. Since we see this pattern in daily chart, this potential pattern still available around this week, as long as they never touch our SL. Please feel free to share your opinion for better result. happy trading
Short
by hardjosoegih