MikulovicFOREX

Bullish harmonic shark showing bearish signs (Read analysis) 1h

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MikulovicFOREX Обновлено   
FX:AUDUSD   Австралийский доллар / Доллар США
5th time updating this... Sorry everyone!

The harmonic shark pattern is an emerging 5-0 pattern because the shark pattern is within its structure.

This chart shows a harmonic bullish shark, but it is currently conflicting with a harmonic shark on the 4h timeframe and there needs to be some kind of bullish divergence for a bullish harmonic pattern to be correct.

Notice the RSI.

I was long on this trade earlier, and I have been sharing my target, entry and stops in the chat but when I noticed how the market failed to reach the D point in the 1h shark I started to lose my hope for this pattern.


I managed to flip my trade from long to short at break even and currently going short with stops at 68,150 and target is 67.1


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Thank you and may God bless
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