GBPJPY - Bearish Shark

 



A Bearish Shark Pattern as a countertrend trade form up on both GBPJPY and EURJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups.

Comparing the 2, EURJPY would be a much-preferred pair as it forms upon structure. We have also learned that cherry-picking don't do us much good. I'll engage both trading setups.




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