- Divergence is present - Waiting for reversal bar pattern inside PRZ (use H1 chart for a better entry)
Everything I've seen this week is indicating a strong Japanese Yen for the short term, here we have AUD/JPY on a 4h chart with a bearish crab pattern followed by a bullish shark. I will be going short all the way down to my 0.618 take profit level at 77.600... Then potentially entering a long position :) Credit to www.tradingview.com for spotting the bearish...
perfect bullish shark pattern. buy price range 0.7322 - 0.7369 . target price 0.7427 - 0.7461
We're looking at a complete bullish shark on a 4h chart for EUR/AUD, this is an excellent buying opportunity. To add to this I'm currently bullish on EUR/JPY with another harmonic pattern, you can find my analysis in the related ideas section below. Just before anyone points out I am fully aware the C point extends the 1.618 retracement but the candlesticks have...
AUDUSD has broken a long-term trend line on the 1H chart indicating short term weakness. 100 and 200 day EMA's are confluent with the completion of a bullish shark giving us a target on the short side. This trade takes advantage of the retest with SL above 50 day EMA and a R/R of 2.
Wow this is huge, we have USD/CAD on a 1h chart with a picture perfect bullish shark pattern. We've got a lot of analysis to cover in this post so please read it all! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 I'll be expecting price to stall out around our D point, completing our pattern...
Bullish divergences present on H4 and H1 chart. Hope the price maintains the channel. USOIL is going a little bit higher but remains the downtrend, so this pair should go up… There is a bearish shark projection pattern on H4 chart, so if the price goes up, following this pattern on H1 chart, the target for this trade could be around 1.40
Following analysis form W1 and D1, on H4 chart the price is pressuring the resistance channel and a bearish divergence is present. A bullish Shark pattern projection emerges and could be a good opportunity to go short pointing channel support. On H1 chart, a bear divergence is present and you can project a bullish Shark pattern too...
NZDUSD has entered the PRZ of two bullish harmonic patterns. The PRZ is supported by two weekly trendlines and a series of missed pivots sit above price which may help add to bullish bias as well. Divergence can be observed on both MACD and RSI oscillators, in addition to an oversold RSI. Entry is placed at the base of the PRZ with SL below the second weekly...
AUDCAD has completed bullish Gartley and bullish shark patterns at significant channel support. Two unhit daily pivots sit above price to add to bullish bias. Targets are placed at .382 and .618 retracements of CD. Confluence in the PRZ: Bullish Gartley pattern completion 1.272BC projection (Gartley) AB=CD (Gartley) Bullish shark pattern completion ...
EURCHF has completed a possible ending diagonal and has made a reversal in a confluent PRZ. Wolfe Wave theory defines the sweet zone, or the area of a probable reversal, as the area between 1-3 and the 2-4 parallel extension from point 3. Similarly, EW theory suggests that wave 5 will often overshoot in an ending diagonal which may be followed by a swift and...
My daily outlook on GBPCAD is bearish, but I see one more bounce occurring before bearish PA continues. A bullish shark will potentially be completing at point 4 in a parallel channel. Traders who are short this pair, like myself, may think about taking profit in the PRZ and re-entering after this move is completed. Alternatively, this may be traded as a...
Alcoa has had the unfortunate circumstance of being thrown in the same group as many companies who are suffering because of the drastic fall in commodity prices. Currently there are two patterns targeting around 8.50-8.80. One is a bullish shark that has a potential PRZ between 8.78 and 8.57. The other is an AB=CD pattern targeting a PRZ at the 1.272 extension at...