So USD/JPY is looking pretty weak atm after it has been rallying upwards for a couple months. As you can see USD/JPY retraced onto the .618 retrace and moved up from there and formed a rising channel + a double top which are two bearish signs. During this whole upwards movement the chart was making higher highs and higher lows however, the RSI and MACD have been...
A Bullish Shark pattern on the daily chart is about to form up. There's no need for you to be anxious and chase after this trade, what's more important is to ensure the bullish engulfing candle appear within the PRZ. If you have seen the analysis we did on the 4-hourly chart, it gives a total of 209pips of Net Profit, which is approximately 2,090USD/lot traded or...
I will be playing XRP for a potential Bullish Bounce for now but i will be exiting around the 50 percent retracement due to the potential of developing a Bearish 5-0 later.
If we get down to to around 59-58 cents i will Begin to buy. Stoploss Below 54 cents.
I think the EURO will rally back to make a 50 percent retracement before continuing to the downside. The RSI is extremely oversold on multiple timeframes and it's at a strong support level, A temporary bounce wouldn't be unexpected.
We have a bullish shark on the 4 hour with an oversold RSI and I'm expecting the price to fade the breakout and blast back into the descending triangle from here and take off to prices that are much higher.
Last week I've shared that USDJPY is in a Bullish Flag formation, if you have engaged in it, you would have earned 95pips just on the first target(approx. 930USD/lot) and 153pips to its highest point(approx. 1500USD/lot). These are the opportunities that you have been missing out on, and I hope that you didn't use the trading opportunity trying to figure out....
Lets see if we can catch a reaction here: I will be targeting atleast 6.75 for profit taking
Most traders see this trading setup as a buy zone(blue rectangle) that has been broken. Well, you aren't wrong about it, but the trend has not turned bearish because I will need to wait for another break and close below the recent low(yellow eclipse) for that to happen. I'm waiting for a Bullish Shark pattern for a buying opportunity, as long as it didn't break...
The is literally the final ground the USD has to stand on: Hold the 0.886 and you're off to test much higher prices once again. Tweezer Bottom with Bullish Divergence on both MACD and RSI at the .886 along the bottom of a Falling Wedge at the PCZ of a Bullish Shark.
Nearing the PCZ of a second Bullish Cypher on the Daily at Monthly Support/Resistance while showing MACD Hidden Bullish Divergence on the Daily, a slightly Oversold RSI, and a Stoch RSI the looks like it will have no choice but to cross upwards very soon. I think so long as we manage to stay above the 0.886 Fibonacci Retrace, the trend should stay intact but if...
In the Ocean, Shark is a crafty predator and in the Harmonic Patterns, Shark Pattern is the most tricky setup and it has to be traded with caution. I'm waiting for the 1-hourly candle close to confirm this trading setup. Candle Confirmation is needed for such counter-trend trading setup.
The Earnings Report on the 18th could get this thing moving.
MACD Bullish Divergence, Oversold Stochastic, Oversold RSI, and the MFI is rebounding from Oversold territory after hitting a 1.13 PCZ of a 4HR Bullish Shark I will be longing and targeting the 50 percent retrace from high to low and expect to see the AUD potentially continue it's downtrend after hitting the 50% retrace to confirm a potential Bearish 5-0.
On the 4-hourly and 1-hourly chart, EURUSD is still on its bullish trend, ticky part of this harmonic patterns is that it forms outside on the buy zone but yet even if it closes outside of the buy zone it is still a bullish trend. This is because, for this Shark Pattern, Point X happens to have a long shadow to invalid the buy zone, the candle has to break and...
A bullish shark checkback is what I'm waiting for. This Harmonic Pattern matches a retracement on a 61.8% pullback after the daily chart has a double bottom setup. 1.7767 is the level that I will be watching closely for the trading opportunity.
The 4HR RSI seems to be coming out of the oversold territory within the PCZ of a Bullish Shark Harmonic, I think it could attempt to target previous Higher Resistance levels from here Potentially between $14-$16 if all goes well.
I think I found a harmonic pattern known as a bullish shark on GNOG. This is how I'd trade it. I'm waaay too tired to get verbose on this one, sorry.