1. Bearish Shark Pattern 2. RSI Down 3. Libra pattern 4. Rising resistance
It is common for an analyst who shares 2 trading strategies within a single chart to have an opposing view or strategy. Well not for NZDUSD on the 4-hourly chart. There is a Descending Triangle that offers breakout traders to look for a shorting opportunity once the market break and close below 0.6980. Conservative traders can wait for a retracement and engage...
Before we go into the Shark Pattern, the EURUSD has a Bullish AB=CD Pattern on the daily chart and it's making a check back. This could just be 1 of the better setup that counter-trend traders can wait for a buying opportunity. Trend Traders have to be slightly patient as 1 opportunity you can hop on is the Bearish Shark Pattern that completes at 1.1451 within...
A Bearish Shark Pattern complete at 0.9232 on the AUDCAD 1-hourly chart. If you are looking to ride on the buying trend, a buy entry when the candle touches the blue trendline as long as it never breaks and closes below the trendline or the immediate candle low price. Personally, I won't be looking at that, and that is because there is only a 30pips profit...
Now may be a good time to buy some December puts near the $90 range.
If you have watched my video analysis you would have known that there is a Bearish Shark on the 1-hourly chart as well. I'm going to squeeze the stop-loss level as there is the tweezer top that allows me to do that.
An emerging Bearish Shark Pattern completes at 0.9260. Upon completion of the pattern, the price of the candle close is important to determine if the sell zone is broken. If you are looking for a buying opportunity, a retest on the bearish trendline(blue) without closing below the trendline can give you an aggressive buying opportunity.
On the 4-hourly chart, a Bearish Shark Pattern's completion point happens to be at the daily chart key resistance area. Great for traders who are looking for a shorting opportunity to engage the trade.
The blue line that you have seen on the daily chart within this chart has turned to a red line that you can see on the current 1-hourly chart. Counter-Trend Traders can wait for a shorting opportunity at 114.25 on a Bearish Shark Pattern as a counter-trend setup. I will be waiting for the market to consolidate at 114.25 before I engage the market.
USDJPY - Potential Bearish Shark, Price rejected from the weekly supply zone. We've had a BOS to the downside on the daily TF (Red Line) Price has pulled back and rejected from the .886 filling all imbalances. I now expect price to break the DL. But I will watch PA and wait for better entries on the LTF! let me know your thoughts!?
I was goin through the charts and realized that this shark was here but i found it a bit late so size appropriately.
There is a bearish shark pattern in btc. Abone you can see the targets; ENTRY: 55K-52K TP1: 48.850K TP2: 40.200K Stoploss: 56.400K If the pattern reach its targets, the raising wedge that I tell you before previos idea can active. And that I mention before its target is 33-32k area.
EURJPY has a Bearish Flag setup, even if this play out, this could be a weak setup as it doesn't land on the previous support level. Nevertheless, it is a great shorting opportunity for trend traders and if you remember that's partly because of the Bearish Shark Pattern setup that I had shared on 15 March 2021 based on the Weekly chart. If you are still in this...
I have my stop above the 1.13 fib extension and will be looking to buy reasonably striked puts expiring around November and December
On a bigger picture, GBPUSD is also on a sideway bounce setup but what it is very different from EURUSD is that GBPUSD respected the structure better than EURUSD and GBPUSD is at its Weekly Support Level. Traders who are looking to short GBPUSD can wait for a Bearish Shark Pattern complete at 1.3790 for a shorting opportunity as a trend trading trade.
A Bearish Shark Pattern as a countertrend trade form up on both GBPJPY and EURJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups. Comparing the 2, EURJPY would be a much-preferred pair as it forms upon...
A Bearish Shark Pattern as a countertrend trade form up on both EURJPY and GBPJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups. Comparing the 2, EURJPY would be a much-preferred pair as it forms upon...
USDJPY- BEARISH SHARK 4 HOURLY Kindly enter in trade when any Bearish or reversal candle is seen at the entry price 👆🙏 best of luck