Well, if you have missed the descending triangle, you can wait for the bearish shark pattern to short at the key resistance level as a trend trading setup. Alternatively, you can wait for a double bottom with RSI Divergence for the counter-trend setup.
GBPUSD is at the major resistance of the Daily Chart, a great consideration for a counter-trend trade, on the 1-hourly chart the same level marks the completion of the Bearish Shark pattern. I will wait for the market open to observe if there's any gap when the market open, what's caused by the US Election Results.
Hello my friends, Another setup coming today for you is AUDUSD pairs. As i was looking at this pair, i noticed that price has been moving up in an aggressive way. AUDUSD soars 280 pips from it lowest point this week which is 0.7000 to 0.7280. After a rally at this aggresive pace, it usually will be followed by some exhaustion. I am expecting price to retrace...
When resistance becomes support & supply area becomes demand area. BTC to the moon
A bearish shark has formed up at 8am(+8GMT) candle today, along with many of my harmonic patterns trade setup. I've chosen not to engage it as today is the day that many of the states vote counts will be released and we won't know what can happen. During my earlier live session, we had engaged this trade and I did mention as long as the 9pm(+8GMT) candle didn't...
A type2 Bearish Shark and Crab pattern may set up for a great shorting opportunity. The price I'm looking to engage in a range of 1.3322-1.3338. President Donald Trump earlier wants to have the vote-counting stop and want to bring this to the supreme court.
A head and shoulders pattern has already set up, if you are looking to short USDCAD, there are 2 approaches you may like to consider. Wait for a break and close below the trendline for a shorting opportunity or a retest of the bearish crab and shark pattern for a shorting opportunity(link at the bottom).
The USDCAD on the 4-hourly chart has a bearish shark pattern as well as a bearish crab pattern on both 4-hourly and 1-hourly chart. If the 1hourly candle close at 16:00(+2UTC) or 22:00(+8GMT) is a long shadow candle, I will short USDCAD aggressively as 2 harmonic patterns turn at a major resistance area.
Bearish Shark check-back with indecision candle gives an opportunity to engage the trend trading trade. A break and close below 0.6656 is essential for the bearish continuation movement of this trade.
As EURUSD had a checkback on the bearish shark pattern, there are 2 major prices that I am waiting for the shorting opportunity. The first level I'm waiting to short is the previous high at 1.1873, traders might see it as a retest of resistance and head in for the shorting opportunity. Another level that I'm waiting for the shorting opportunity is at 1.1893, which...
The NZD/USD has formed a Harmonic Pattern - the Bearish Shark. Reasons for entering the Trade: Fibonacci levels align to form a tight Potential Reversal Zone (PRZ). A reversal candle (Shooting Star) forms in the PRZ. The PRZ aligns with a resistance line Trade management: Stop loss at reversal candle high. Short on reversal candle...
A bearish shark setup on EURUSD as a counter-trend trade, check your live chart as the candle opening and closing on the 4-hourly chart may show a rather different candle formation. If it closes as a long shadow candle, I will engage as an aggressive trade.
Simply a Bearish Shark idea for this pair.
Hello, Pattern : Bearish Shark Stock : NSE:NIFTY Time Frame : 2 Hour. Always look for reversal patterns in rectangle box area which is a reversal zone and take trade basis on it. Note : This chart is only for study and reference purpose.
Bearish Shark Pattern forms on the 4-hourly chart sell zone, waiting for a shorting opportunity to engaged the trade. Pending order has been placed and let's see if it will checkback and move towards our target level.
Based on the higher timeframe, this is a trend trading trade. The shark pattern has confirmed and I will be placing the pending order. I might extend the second target.
A bearish shark pattern completes within the sell zone, right now I'm waiting for candle confirmation before placing in the pending order to engage the trade. This is important because of the recent strong bullish movement that was circled in yellow. Traders stay calm, even you have waited for a trading setup for weeks, you shouldn't rush into it just because it shows up.
A bearish shark trading opportunity has setup, I would need to have a bearish candle and a retracement before consider to engage this counter-trend trading opportunity.