Buy only when price reaches PRZ and RSI indicates overbought (30-35), buy carefully because this pattern has potential to become shark pattern if price would go lower, around 113 extension of XA leg (168.70). Good luck!
Multiple advanced patterns here on NZD/USD. We have a nice Shark Pattern for a sell and then a Butterfly and a Crab for a long position. I recommend watching this pair closely as there is a potential for more advanced patterns to form.
Bullish Shark formed when price touched that 2.24 fibonacci extension.Looking to go long on this pair since rsi and stoch are oversold and price is also going into a supply and demand zone.Stops going below those recent lows, and targeting 38.2 fibonacci level.
FX:TRYJPY Ancara vs Tokyo ;) SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe trades; open.spotify.com
We have a good supportzone below us all the way from the daily timeframe, that we recently broke away from. we are now coming back to retest it while forming a shark and a butterfly to give us an entry reason. i suggest placing the stop below the 1.618 extention of the butterfly go give the market enough room and targetwise shooting for a buy ralley from that...
Finally I see a probability to get a trade in GBP/USD, almost all the char ts are in a sharply downtrend, but the Bearish Shark projection in H1 chart can be taken. If the pattern is confirmed, I’ll target the 50% CD Fibo retracement and see if I can make a combo Shark – (5-0) pattern.
plenty of opportunity here. im currently looking for a short, tho we have an gartley in place. but i might open a position in the other direction as well if we get to get gartley. that way we will at least make some profits from the gartley if it stops out the short.
Try to use the breakout of this trendchannel to catch the move that is completing the shark pattern.
FX:USDCAD Bullish patterns that may act as reversal into a deeper correction on higher time frames; Blue Cypher: Point B: 38.2% to 61.8% X A Point C: 127% to 141% ext X A Point D: 78.6% X C Target: TP1 38.2% C D TP2 61.8% C D Pink Bat: Point B: 38.2% to 50% X A Point C: 38.2% to 88.6% A B Point D: 88.6% X A Targets: TP1 38.2% A D TP2 61.8% A D Black...
Great Shark Pattern setting possibly forming here on NZD/USD on the 30 min if the market moves all the way to 0.65500s. It completes at a resistance level for added confidence in the set up. Great Risk/Reward as well. Happy trading
First potential setup for the week ahead. I think its likly that will come up further. The real question is whether or not we will make it all the way up. Sometimes sharks still tend to reverse at the 786 cypher reversal zone - but the risk reward wouldnt be that great if youd enter at the 786 straight away with all that upside reversal potential a shark has....
In 4H time frame trend is down, so possible upward move to 1.089 would be just a pullback
bit of an exhibition trade, but i think the overall idea is good.
NZDCHF - 1H - Cypher into Shark
FX:GBPJPY With a very strong bears pressure, will this Pound survive above this weekly support zone? IF yes, the price can give us a nice pull back into the previous support resistance zone. Bullish RSI divergence from 1h to 4h charts * - leaving the territory for campers on daily... "caution" There's also completed bullish harmonics on lower time frames...
FX:EURUSD Bullish Shark to complete between 1.07$ and 1.06$. Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe Trades;