A Bullish Shark counter-trend setup is great for counter-trend traders. Although this trade doesn't have great structure-based support, the Reward is to Risk Ratio is healthy.
I'm in, will you?
Do you remember that last week, I've shared with you the Gartley Pattern on GBPUSD is not going to bring us profit?
That's possible if you understand how to read the candle movement and be familiar with Harmonic Patterns and its hidden move.
We have a potential Bullish Bat the forms within the Buy Zone of the GBPUSD.
I'll be waiting for the candle confirmation...
An Emerging Bearish Shark Pattern completes at 91.84 for a shorting opportunity. It seems too early for this setup but I've chosen to share this because of its potential Shark Pattern completion on the Daily Chart which comes close to the completion of the 1-hourly chart pattern.
USDCAD has one of the best setups for the week. Aggressive Traders can consider shorting the Bearish Bat Pattern as a Trend Trading Strategy. Conservative Traders can wait for the market to pull back to 1.2562 for a shorting opportunity on the Bat Pattern.
If you are adventurous and you are familiar with the USDCAD movement, you can even stretch the final target...
USDJPY has the most complex trading strategy for the week. I'm waiting for USDJPY to complete it's Bearish Shark Pattern within the intraday chart, 15minutes timeframe and I will short the Shark Pattern and have my final target stretch towards the completion of the Bullish Bat Pattern on the 4-hourly Chart.
If it is too much for you, just take the usual target.
Compare to EURJPY, AUDUSD has a better Shark Pattern formation and that is because the Bearish Shark Pattern forms within the previous consolidation zone which is also known as the sell zone or the supply zone.
I'm waiting for the candle pattern confirmation at 0.7214.
You can check out the EURJPY Shark Pattern under the related ideas within the tradingview post.
EURUSD on the 4-hourly chart has an Ascending Triangle. On the 1-hourly chart, there is a double top and you can wait for the market to retrace back to 1.1451 for a shorting opportunity.
The first target will be at its immediate low at 1.1402 and the second target will be shared with the inner-circle.
A Bearish Deep Gartley Pattern is about to emerge. It seems that recently is a Gartley season. What do you think?
What I like about this setup is that the Harmonic Pattern is formed within the sell zone.
A trend trading trade stood up, not only it has a nice closing candle, it has a pretty great Reward:Risk even for the first target.
I've engaged in this trade. What're your thoughts on this?
A Bearish Shark Pattern emerge on EURJPY at 131.63. Have you spotted the possibility of a Bullish Shark Pattern within the same chart? This makes EURJPY an interesting currency pair to trade.
I will wait for candlestick confirmation to engage this trade.
What's your trade plan?
A Bullish Gartley Pattern could be a buying opportunity for many, however, I will wait for a confirmation signal, at least a reversal candle before engaging the trade.
What concern me is the candle formation on Friday close. I may engage the trade as early as 2hours after the market open on Monday.
A long wait for Malaysians looking to change some USD, this is a good time, not the best time but is definitely the rate I've checked earlier this month, 4.2249.
Do your planning now.
Winners plan ahead.
A Bullish Bat Pattern is going to form and emerge at 76.31 as a counter-trend trade, but do you know that it is also a pull back from the daily chart after the market has double bottom?
Between this and the EURJPY ABCD setup, I would prefer the NZDJPY trading setup.
Which do you prefer?
Comment down below.
A 61.8% pull back after the market double bottom on the daily chart. I'm waiting for a buying opportunity on the double bottom retracement zone.
As I went down the timeframe, I've spotted an opportunity. An ABCD Pattern form and completed near the bottom of the preferred retracement zone I'm waiting for. Let's see how this trend ends.
Well, if you are into the slanted Head and Shoulders pattern, here we have 1 for you. The challenge is to determine the right shoulder.
I've plotted the estimation and will check 1st thing in the morning if the pattern fits my rules.
What I love about this setup is that it has an RSI Divergence on it.
What have you spotted? Comment down below.
