For the longest time, I've been saying that the correlations between the currency pairs have been weakened. Traders have asked me why I have NZDJPY and NZDUSD in my portfolio. Doesn't it move in the same direction? Over the years, these correlated pairs move pretty differently. And recently, the WTI and Gold have no longer moved in an inverse relationship. So...
Look at the higher timeframe(right), on the Weekly chart, and have your focus on the retest of the previous high. Not only it fails to close above the previous high, but it also has an RSI Divergence. On the bigger picture, EURUSD is on a Bearish Move. I'm not saying you can't make money if you have bought EURUSD, but you shouldn't stretch your target when you...
This is not a lot, but it is something, at least the second target has a good Profit Factor. I'd engaged the Bullish Shark Pattern and if you have noticed, the market is on a sideway movement, which is great for counter-trend traders.
Natural Gas was trading at this Log/Linear 1.618 Confluence Zone for a while and even confirmed a 3 white soldiers pattern from the zone, but has since been very quiet. However, it's recently begun to bring us somewhat of a bounce and has confirmed a couple of higher lows with some hidden Bullish Divergence on the MACD after holding above the Bullish Control Zone...
ANY looks to be springging off an also support level that aligns with the 1.618 Fibonacci Extension of a Log Scale Bullish Shark while at the same time the RSI seems to be shifting it's momentum into the Bullish Control Zone; Hold these levels long Enough and it could rise up to the 50% Retrace up at around 2 dollars.
AUDCAD has a unique setup that I'd not seen before. We have shark patterns from the Weekly chart to the 1-hourly chart. This is a clear sign of sideway increase volatility, a situation I DID NOT trade when I started trading 18years ago, not until I found the Shark Pattern trading strategy 12years ago. I'm more comfortable waiting for the Shark Pattern form up...
We have a Piercing Line with Potential MACD Bullish DIvergence at the PCZ of a Bullish Shark on DOTUSD
As a trader, I prefer to search for trades that display a distinct direction on the higher timeframe and then hone in on that direction on the lower timeframe. However, I understand that some traders prefer to jump on opportunities as they arise. This week, the AUDUSD has presented us with such an opportunity, as the Bullish Shark Pattern trading setup has...
This week, an opportunity has presented itself for a potential buying position on the GBPUSD pair. Two prominent trading setups - the Bullish Shark Pattern and the AB=CD pattern - have emerged, signalling a potential bullish trend. While I hold a bullish bias due to a previous break and close above resistance on the weekly chart, I exercise caution and wait for...
CHZ has fromed 3 Harmonic Patterns within this range all completing at an 88.6% retrace that all has so far aligned with the same area each time; if this zone is to hold, then we can probably expect it to atleast make a 0.618-0.886 retrace to the upside from here.
#COFORGE... ✅▶️ Intraday as well as swing trade All levels given in charts ... IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this ... We take trade only when it activates... Possible to give good target TRADING FACTS
Calling all like-minded traders! We've got a winning trading idea that's sure to pique your interest. For those seeking an aggressive entry, keep a close eye on the Potential Head and Shoulders setup, which is set to complete at the 134.03 level. Alternatively, a buying opportunity could arise with the completion of the Bullish Shark Pattern at 132.51. With two...
Are you on the hunt for a buying opportunity on the GBPUSD pair? Well, look no further! The bullish shark pattern may just be the key to unlock your trading success. At the potential buying opportunity completion level of 1.2338, all that's needed is a 3-bar reversal for the final confirmation, making it a prime time to take advantage of this bullish market...
COINBASE:BTCUSD This is a very early Bullish Shark on High time frames. This is just a fun idea for now. I'm curious if this will hit the 1.618 at the top on the B-C leg. If C is the pivot point, were going to retrace all the way down to the 886 or past to 1.13 to 14k. One last dump before the pump. Thanks
The Big Short came in on the Weekly Chart with a Triple Top RSI Divergence. Currently, there isn't any opportunity for me to engage in the shorting opportunity. While waiting for a tested strategy like the Bearish 5-0pattern to appear, I will look out for other trading opportunity like buying on the demand zone or a Bullish Shark Pattern in taking the...
If you belong to the traders that believe in currency correlations, look at the related ideas below on EURUSD and think twice!! Correlations between currency pairs is dead for more than 10 years ago. It's unwise for you to rely on such a technique to make a trading decision. I'm looking for a buying opportunity on GBPUSD, it can happen on a retest of support at...
EURO-DOLLAR has a Counter-Trend Trading Opportunity(left). Traders looking for a counter-trend trading opportunity could wait for the market to retest to 1.0975 for a shorting opportunity. This is possible not because of the Bearish Shark Pattern Trading Opportunity, but a retest of resistance on the Weekly Chart. If this is not for you, then perhaps the Bullish...
Probably a trade that has a 20:1 Reward: Risk trading setup. On the 1-hourly chart, we have a Bullish Gartley Pattern that comes inline with our 4-hourly chart, the Bullish Shark Pattern retest and on the Weekly Chart, the Bullish 5-0 Patterns. If I stretch the final target to the Weekly Chart completion, the returns would be stunning, but this trade could take...