In Harmonic Trading articles we look for currency pairs harmonic patterns on M30 and H1 time frames. You need to remember, that formation alone is not sufficient to start a trade so it is advised also to look for:

  • Moves that overlaps with main trend
  • Risk-reward ratio 3:1 or higher
  • Every D point of the pattern should be drawn in a shape of Price Action candle or confirm the current direction.

Today we will take closer look at BEARISH SHARK PATTERN on GBP/CHF currency pair. Below a short description of this formation, because it is not as popular as e.g. BUTTERFLY.


Trend on the cross currency pair is bullish, but price was not able to break above resistance since last week – that should strengthen our pattern. M5 chart shows a pin bar candle, so we are able to open short:

  • SELL:5035
  • SL:5051
  • TP:4920

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