This is the trade I'm talking about, check the link at the bottom if you have no idea what I'm talking about. The Shark Pattern at the Weekly Chart Resistance. It is a trade that I'm going to follow closely.
This is a very bold trade; chances of it hitting stop are high. That's why I'm not putting it out as an Official Trade-Ideas. On the Range Bar chart, the Bearish Shark Pattern has confirmed and I'm in the trade. Once the market has reached its target 1, I will be shifting my stop to my entry price and pertain to a Risk-Free Trade. This is when I will be using my...
CADJPY has been giving us an amazing trading experience. Once again, another Bearish Shark Pattern has formed up. What's different from this setup is that the 4-hourly candle has broken and closed above X. This is something that you shouldn't treat lightly. You can head to the lower timeframe and wait for a Double Top setup with RSI Divergence on the 1hourly...
GBPUSD is on a Bearish Trend, if you are waiting for a shorting opportunity, you can wait for the market retest back to 1.3192 and engage through the Bearish Shark Pattern setup. What's nice about this setup is that the Shark Pattern form within the Sell Zone and it was the level of the previous Shark Pattern as well.
Price has hit the supply zone while forming a bearish shark and looks like a rejection for a short back down to around 90.00. Wait for a possible retest in the supply zone.
Bearish Shark Pattern has reversed on the dot of its completion. What's even better is that the completion of the pattern has respected the Supply Zone(mark as the red box). Traders can wait for the retest of the Shark Pattern to engage on a shorting opportunity.
AUDUSD has its Bearish Shark complete and retests within sell zone. What's nice about this setup is a RSI Divergence on its retest.
We have a potential double top here at the PCZ of a Bearish Shark i will be risking some puts here.
Before I talk about the Bullish Shark, I like to talk about the Bearish Shark Pattern(check out the related ideas posted within TradingView). That trade's target one has been attained{90.44} a total of 192pips captured, and its first target provides a 2.74 reward: risk ratio. The market has to break and close below 89.81 will significantly increase the odds of...
On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the...
A Bearish Shark Pattern acts as a counter-trend trading opportunity. As we know that Shark Pattern has up to 3 entry price opportunities, however, this is the only opportunity for you to engage in the trading setup. A tough pattern to master, but the reward is great.
Could this be the zone that we can play with for a while? Looking for trading opportunities within the zone that was formed by the Bearish Shark Pattern. And because it is caused by the movement of Shark Pattern, I'm going to call it, Shark Tank... =P I'll look for shorting opportunity, like Double Top with RSI Divergence or Bearish Harmonic Pattern in the Range...
Quiet Mondy huh... Well, it depends on the kind of trade you are looking at and the kind of timeframe you are trading. Moments ago, I've engaged probably the last trade for this month. EURUSD, the Bearish Shark Pattern complete at 1.1224 on the Range Bar Chart.
Congratulation if you have caught the Bearish Deep Gartley Pattern that completed at X, that would have brought you 175pips of profit . If you have missed that, the USDJPY has a Bearish Shark Pattern completed at 115.75 on the 4hourly chart. It seems that you have just missed the trade, but don't fluster. In most cases, you can expect a retest on the Shark...
Bearish shark will complete at around 81.671 in NZD/JPY. There is a support level at 75.854.
I expect this to go down near to list prices from here off the bearish divergence and the hardcore rejection of the highs.
As you can see there are 2 Harmonic Patterns that have the same potential of forming up. Although the Bearish Shark Pattern is about to complete, however, my trading bias is on the Bullish Gartley Pattern. You may wonder, "Why the Gartley Pattern rather than the Shark Pattern that's going to complete?" Well, the reason is simple, having the Bullish Gartley...
Remember the Bearish Shark on the 4-hourly chart I'd shared last week? It has made its 4 runs towards its profits of 117pips each run, that's 1,170USD per standard lot on each run, and it is reaching its fifth run. If you had missed those waves, don't miss them again! You might have a chance to engage the trade on the Bearish Gartley Pattern, if you manage to...