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...
We have some Bullish Divergence on the RSI and will likely Develop some on the MACD i already entered at lower prices from the bigger more MACRO setup i posted for ALGO but this looks to be a good secondary entry that could perhaps even take us above the hourly targets and into the weekly targets.
From the looks of it AXS would like to see one more bounce before it resumes it's Bearish Trend. I suspect close to a 50% Retrace of the Prior Highs before an Ultimate Reversal back to the downside. For now the trade is Bullish and Profit Taking Targets range from 80 dollars to just over 100 dollars.
Could see a 50% retrace back to the upside from here.
We have a bit of Bullish Divergence on the RSI and MACD at the PCZ of this shark best case scenario is it comes up to make a Higher High at the 1.618 Extension
We have a bit of Bullish Divergence at the 1.13 Extension of a Bullish Shark and I Will be targeting the 50-61.8% retrace from here.
We have what seems to be a Lower Low Double Bottom at the PCZ of a Bullish Shark Pattern with a bunch of RSI Bullish Divergence that if it plays out will take us up to around a minimum of $50
A Bullish Shark Pattern trading opportunity present itself at 1.3567 for a trend trading opportunity within the Bullish Flag consolidation zone within the 4-hourly chart. If you have saw last week video, you would have spotted the trading setup and capture the 116pips(1,160USD) move. If you missed it, no worries, wait for a 3bar reversal on the 1hourly chart...
If you had caught the Bullish Shark Pattern and Bearish 5-0Pattern congratulation to you. That's 100pips on each movement, which totals to 200pips(2,000USD/lot traded) if you traded both of them. Some traders do trade Type2 Pattern, if that's you there will be 1 that is showing up, the Shark Pattern on the 4-hourly chart soon. However, if that's not for you,...
It depends on the way that you read the candlestick chart, the Bullish Shark Pattern may have formed. If so, if you have plans of trend trading, you can wait for the market to retrace back to 0.7109 and engage the shorting opportunity through 5-0 Pattern.
We are still at the PCZ of a Bullish Shark Visible on the Monthly with Hidden Bullish Divergence on the MACD; It's almost been a year since the original post and i just thought it'd be appropriate to call some attention back to this one. If you want to see the original post it's in the related ideas section below.
Price Action & Chart Pattern Trading Setup > Bullish Shark Harmonic in rectangle consolidation area > Entry Setup - wait for confirmed BREAKOUT rectangle or SMA200 > RSI & MACD bullish divergence crossing baseline. Trade with affordable risk ratio 3:1 Always respect your stoploss Good Luck
We are already in this trade. The 1-hourly chart Bullish Shark Pattern, check the link within the TradingView for more insights on this trade. But if I were you, I will wait for a break and close above of the blue trendline that was highlighted in the chart, that will give further assurance on the trade, but you will have to trade it off with the better entry...
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?
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.
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...
This is a Nice Risk to Reward Trade that i just couldn't ignore if this goes well we should begin to pump to around a dollar in the next few days.
Bullish Shark Pattern complete at 155.85 for a buying opportunity and base on structure, it is viewed as a trend trading setup.