EURUSD has a Bearish Shark Pattern, the first target has been reached. Counter-Trend Traders could wait for a counter-trend trading opportunity, like Double Bottom with RSI Divergence to engage the trade.
The earliest you can wait for a buying opportunity is at 1.0537. Target1 will be the retest of the Shark Pattern, which is 1.0588.
Swimming with the sharks. The 1.13 as a reversal point (rather than a new low/trend continuation) always feels risky, but we're trading harmonic patterns so there shouldn't be any room for emotions. We're in the buy zone and TP should at least partly be between 0.6557 (1.0 reciprocal ABCD) or ideally 0.6810 (61.8) since the ABCD completes above the 50%...
If you have followed last week's analysis(link at the bottom), you could have caught some profit from the Bearish Shark Pattern setup.
It's a bad idea to jump in the trade and take the short trade now because you won't have an edge over the market.
Instead, you could wait for the 5-0 Pattern completion for a counter-trend move. The formation can complete as...
This is an Update to a previous ALGO setup of the same sort except the pattern has now further developed with the addition of a Double Bottom of the PCZ. The Bullish Targets and Stops remain the same as the previous setup
Just your normal bull market. Enjoy guys.
A quick bull run up to $5297 Eth
And then a retracement ( bottoming out ) to/at $2262 Eth
Take entry at your own accord. Not financial advice.
TP 1 : $4400
Enter again @ $3050-$3100
TP 2 : $5297 and wait for bearish divergence confirmation. A more aggressive TP 2/3 could be $6467
Enter again @ $4146
TP 3 :...
DXY is almost at a very strong historic resistance zone (100)
Trading range is between 92 - 108
No candles are allowed to close bellow 90 to maintain strong bullish trend with wicks into 89.6
As always, be safe. Spend more time with your loved ones.
Credits to Original Analysis by @CryptoPatel
Outlook for LTC this year will look like a double top and a crash by summer following "current global inflations trend" as if...
As always, be safe. Spend time with your loved ones.
Last week, we spoke about the EURJPY 5-0 Pattern complete on the Weekly Chart, if you had bought it when the market opened, you would have at least gained 283pips of profit.
If you had not done that, the next thing you would probably think of is to engage as soon as you have the opportunity.
Well, there is a Potential Bullish Flag setup complete at 127.46,...
A Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level.
Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should...
A Bearish 5-0 Pattern if you are waiting for a shorting opportunity like I do.
In this trading setup, I will not be taking further targets. What I love about this setup is that the 5-0 Pattern has an exact price, rather than a zone.