GBPCHF - Type 2 Bearish Shark + Bearish Bat Pattern
I was eyeing this Bearish Shark yesterday. I guess the Article 50 completed the patterns and it reacted to the PRZ.
Pattern Identification
The bearish Shark completed yesterday when the price went up to 1.2420.
It immediately reacted to the levels and dropped.
Now there is a smaller bearish Bat (in green) completing at the same level 1.2420.
Also a Type 2 trigger for the Shark pattern
Trade execution
Again, I would like to see a price reaction at the PRZ to confirm that it is a good resistance turning point. Let's monitor this together
Pattern Identification
The bearish Shark completed yesterday when the price went up to 1.2420.
It immediately reacted to the levels and dropped.
Now there is a smaller bearish Bat (in green) completing at the same level 1.2420.
Also a Type 2 trigger for the Shark pattern
Trade execution
Again, I would like to see a price reaction at the PRZ to confirm that it is a good resistance turning point. Let's monitor this together
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Better image to see the candlesticks
Anyways, there was no trade, the signs were there to avoid the trade
Price just went higher, through the PRZ and never respected the PRZ.
A huge warning sign to avoid the trade