If you had read my previous analysis, this is how Shark Pattern works, when the Shark Pattern hit its stop loss, it may present you another trading opportunity of a further entry price. The problem with most trader is the hesitance to engage the trade, and I can understand that, you just got stop out. You aren't certain if this should be the trade to take. The...
This is one of the trading setups that could give us an entry opportunity once the market opens on Monday(GMT +8). A 3-bar reversal will be a safer bet to engaged the trade. However, if you are comfortable taking some risks, the reward is much better now. Stop goes below X of the Bat Pattern by using my secret formula of the buffer.
Trading can be simple. A simple trade plan could bring in great profit. A break and close below the trendline of the USDJPY 4-hourly chart would make the trade possible.
I had profited 212pips on the AUDUSD Bullish Deep Gartley Pattern(check out the link at the bottom). It's only 212pips because I got in late. Now I had shorted the Bearish Crab Pattern at HOP level. One of the perks of this is the Reward:Risk Ratio. What I didn't like the candlestick consolidation looking left.
It is important to wait for Candle Confirmation even on the most familiar currency pair and most familiar setup. The close of the current candle will determine if the Shark Pattern is valid. The Bearish Shark Pattern formed at 1.3177 and was confirmed once the candle closed at 1.3173. As this is a 1-hourly chart setup at 1700(GMT +8) or latest by 1900, it will...
This is the trade I'm talking about, check the link at the bottom if you have no idea what I'm talking about. The Shark Pattern at the Weekly Chart Resistance. It is a trade that I'm going to follow closely.
CADJPY has been giving us an amazing trading experience. Once again, another Bearish Shark Pattern has formed up. What's different from this setup is that the 4-hourly candle has broken and closed above X. This is something that you shouldn't treat lightly. You can head to the lower timeframe and wait for a Double Top setup with RSI Divergence on the 1hourly...
Long Idea : DOT/USD If the research holds true we are anticipating the market to turn bullish once the market breaks into the buy zone and Long term we anticipating the market to push to our target 62.64038683 . Take Profit (TP)1 : 53.98448969 Take Profit (TP) : 62.64038683 Long term Stop Loss (SL) : 6.80493256
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...
A Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should...
We have a Bullish Deep Gartley on the Daily Chart. There are 3 things that I'm not comfortable with this Deep Gartley Pattern are: 1) A retest at Point C 2) Consolidation right before the Gartley Pattern completion. 3) Strong Bearish Candle as the Terminal Bar of the Harmonic Pattern. However, what's comforting to see is that the Weekly Support...
A Bearish Shark Pattern acts as a counter-trend trading opportunity. As we know that Shark Pattern has up to 3 entry price opportunities, however, this is the only opportunity for you to engage in the trading setup. A tough pattern to master, but the reward is great.
Hello traders welcome again. Here is a follow up with my last Eurgbp daily buy signal which I posted few weeks ago. Today, we discuss the monthly chart of this pair. And as you can see the market is, as identified, in the 2nd phase which consists of a price channel , and expanding channel and a resistance Arc. Now price is approaching the ARC's strong support...
hello traders welcome again. Here is a follow up with my last Eurgbp daily buy signal which I posted few weeks ago. Congrats if you took that trade! Today, we discuss the monthly chart of this pair. And as you can see the market is, as identified, in the 2nd phase which consists of a price channel, and expanding channel and a resistance Arc. Now price is...
Quiet Mondy huh... Well, it depends on the kind of trade you are looking at and the kind of timeframe you are trading. Moments ago, I've engaged probably the last trade for this month. EURUSD, the Bearish Shark Pattern complete at 1.1224 on the Range Bar Chart.
A Bullish Bat Pattern is spotted on the EURUSD, this is a sideway market movement. At this moment, I'm waiting for a retest at 1.1164 for a buying opportunity. If you are interested in this trade, you have to be aware that this trade could take from 3days to 2weeks to complete, there is a weekend risk influenced by the War between Russia and Ukraine(although it...
Sorry for the late publish. I was busy watching other pairs and it happened rather fast, being on the 15 second chart where I entered off confirmation. But I have reason to believe price is reversing towards the upside. So, this is more of a countertrend trade for a small 1:5 RR. Also, what held me up, was the acknowledgement of the countertrend. So, I waited for...
A Head & Shoulders formation on the 8 range bar of GBPAUD. We do see the RSI Divergence from this setup which is Great for traders that decide to take on this counter-trend trading opportunity.