The higher timeframe of EURUSD on the Daily Chart is on a Bearish Trend. If you are a trend trader, you can wait for the Bearish Shark Pattern to complete on the 1-hourly chart at 1.1476 for a shorting opportunity. What's nice about this setup is that the completion of the Shark Pattern is within the Supply Zone on the 4-hourly chart.
GBPUSD has a Bearish Shark setup, if you are a trend trader you can wait for the market check back at 1.3604 for a shorting opportunity within the sell zone.
If you are a trend trader, this will be the fastest way to get involved in the shorting opportunity. A Bearish Shark Pattern form on the 8 Range Bar Chart within the 4hourly Sell Zone. If you prefer to trade on a time-based chart, you can wait for a double top setup on the 1-hourly chart.
A Bearish Shark setup formed on the 4-hourly chart as a trend trading setup. There is 1 warning sign and 1 advantage within this setup. Could you spot it? Clue: The warning sign is within the 4-hourly chart and the advantage is on the daily chart. Comment down below and the answer will be revealed by the end of today.
We have Bearish Divergence on the MACD and RSI at the PCZ of a Shark. At a minimum we can soon see a move down to the Moving Averages and at most we can begin to make Lower Lows.
It might be too early to share the potential Bearish Shark Pattern that is currently in my data, but here you go. If you are looking for some combo, to jump in on the Bearish Flag Pattern on the Daily Chart or to be adventurous on the Bullish Butterfly on the 4-hourly chart, this is probably one of the better setup that give give you a ride downtown.
If you remember what we spoke about last week you would have seen how the market fell and was held by the trendline which is part of the Ascending Triangle. You would also notice how the candle respects the trendline, bounce off of it and refused to break and close below the trendline. If you had shorted when the market break and close below the support you...
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.
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.
BTC next Bearing 36K area unfortunately this bears are king of market this days
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.
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?
Is there a Bullish Flag setup potential in all mix of things? Well, probably. Aggressive Traders can look for buying opportunities that extend above the breakout and potentially stretch to 0.6855 that went slightly beyond the first Shark Pattern completion. Bearish Shark Pattern traders will then need to wait for candle confirmation before any attempt in...
Bearish Shark Pattern as a countertrend trade is something I would engage. The reason is Point D is at Point X of the Shark Pattern that acts as an Additional Resistance level for a counter-trend move.
EURUSD is on a Bearish run. During this season, I will take almost every Harmonic Patterns setup, that is only if you drew it correctly. We have Bearish Bat on the Daily Chart, Bearish Butterfly and another Bat Pattern in the 4-hourly chart too. But what matters for the coming week is the Bearish Shark Pattern that complete at 1.1344 on the 1-hourly chart this...
MACD Bearish Divergence, RSI Bearish Divergence, Weekly 3 Black Crows, at a Bearish Shark PCZ. I think it can go much lower than my specified 61.8 target but a 34% decline is plenty profitable to make this a great trade.
ETH reversed at the PCZ of the ABCD once before and now is looking for a second top confirmation in the case that eth gets rejected here i expect a big pullback to $2600
1. Bearish Shark Pattern 2. RSI Down 3. Libra pattern 4. Rising resistance