This is a setup shared with me by naiveme, one of my trading buddies in tradingview.
Check out GBPAUD guys.
Pattern Identification
Daily bearish shark completed at 1.7340.
Trade Execution
The H1 chart has nice explosive volume at the PRZ level.
As this setup is on the daily chart, I want this level to be tested at least one more time.
It could flow over a little higher than 1.7340, it is totally fine.
However, if a big green candle closes after the retest, this setup will be invalidated.
Any above average selling(RED candle close on H4) after the secondary retest, I will go short.
Somewhere around EP: 1.7340
SL: 1.7440 (100)
TP: 1.6630 (710)
Check out GBPAUD guys.
Pattern Identification
Daily bearish shark completed at 1.7340.
Trade Execution
The H1 chart has nice explosive volume at the PRZ level.
As this setup is on the daily chart, I want this level to be tested at least one more time.
It could flow over a little higher than 1.7340, it is totally fine.
However, if a big green candle closes after the retest, this setup will be invalidated.
Any above average selling(RED candle close on H4) after the secondary retest, I will go short.
Somewhere around EP: 1.7340
SL: 1.7440 (100)
TP: 1.6630 (710)
