There are some amazing setups forming on the charts, here we have GBP/USD on the 1h chart with a potential bullish shark pattern. Excellent opportunity with over 1:2 risk to reward!
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
I'll be looking for extra confirmation once we approach the D point.
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
I'll be looking for extra confirmation once we approach the D point.
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