A long waited for counter-trend trading opportunity appears as Bullish Shark pattern. So what? I shouted on the chart. ;P Lots of warning sign shows up and halt my decision to set a pending order - Buy Limit for this trade. Now, having the candle break and close below the previous low, officially place this trade to an end. On the 4-hourly chart(left), a trend...
Bearish Bat setup still valid for this as long as the market didn't break and close below C, which was covered by X of the bullish shark pattern. In this chart, it does also show a Bullish Shark, so what will you do? Trade what you see is what I love to say, further confirmation is required, but never forget the basic of support & resistance so everything is...
A bullish shark setup as a counter-trend trade is always good to wait for candle confirmation especially on a counter-trend trading opportunity that you can't spot any recent support when you look left.
Last chance entry for a bullish shark pattern creates a counter-trend trading opportunity. Conservative trader can wait for the market to close above the PRZ.
The last opportunity for a bullish shark pattern forms up as a counter-trend trading opportunity. I fully understand the pain of the real knowledgable shark trader but this is what it is, it has up to 3 potential buying opportunities and being a shark trader, you should look at all 3 if the previous failed. Psychologically wise, it can be a challenge. It is...
Both charts are on a trend trading setup in their own rights. Bearish Bat Pattern still stands within the sell zone. Bullish Shark Pattern on a bullish shark on the final entry opportunity shall see how the setup unfold.
On the daily chart(right) have a bearish shark pattern as a counter-trend trade setup. On the 4-hourly chart(left), have a bullish shark pattern as a trend trading setup within the buy zone.
The bullish shark pattern on the daily chart still stand but having such a strong bearish candle we may just need confirmation before engaged the trade for a buying opportunity.
Bullish Shark in a trend trading setup within the buy zone.
Structure is the key in trading, a close of this 4-hour candle at 1700hr(+8GMT) will determine if I'm heading in for an aggressive short position. Where will you head your target to?
3 counter-trend trading opportunity on USDJPY but let's look at the more recent 2, 1 on the 4-hourly chart, a bullish shark at 106.69 and a bullish butterfly at 107.11. At this moment the candle shows a very nice setup for trend traders, a long shadow within the sell zone. What will be your trade plan?
Finally, this Bullish Shark Pattern has formed as a counter-trend trading opportunity. 1st spotted this setup since 13March2019, how many traders would have the patience to wait it out for a confirmation to engage the trade? By not most traders might have already forgotten it. 2 ways to approach the trade. 1) Engaged the Trade NOW 2) Wait for retest Which would...
Bullish Shark setup as a counter-trend trade setup. I will be taking conservative targets for this setup. Almost not interested in this setup due to the strong bearish candle approaching D. However, I see: 1) ABCD has drawn towards the D Price completion 2) It came into the zone of support 3) It has a relatively great Reward:Risk
Given a choice, I will not gunner for a head and shoulders bottom, a bearish bat with a bullish shark at the same time. It is what it is as all these 3 opportunities are valid. Let just look at the head and shoulders bottom setup, a great retracement that gives me the opportunity to engage the trade as a counter-trend setup. Whether to stretch the target to the...
Daily Chart(right) pose a bullish shark formation as a counter-trend trade To a nearer short-term(left) it does have a head and shoulders setup that present a counter-trend trade and I'm taking as a counter-trend trading approach and I'm going to shift stops to entry when market opens.
While waiting for the Bullish Shark on the Daily Chart(kindly refer to the link on the related ideas), a bullish shark pattern has formed on the 4-hourly chart. As long as no gap occurs on Monday Market Open, I'll engage this trade but also watch closely when the market hit its 1st target.
Spotted a potential Head and Shoulders Bottom but the entry price doesn't meet my criteria. Nothing on 1-hourly, but a buying setup at 15-minutes chart. Trade has already engaged. Does this spark some thoughts into how trading can be done?