Despite a strong bullish candle, the presence of a Bearish Shark Pattern retest on USDJPY is intriguing. However, the trader advocates waiting for further confirmation to engage in a shorting opportunity on USDJPY, treating it as a retracement trade. What's your take on the potential trade for USDJPY?
i don't trade DXY I only use it to confirm a trade, this was what you call al sniper move... CLEAR ON POINT PRECISION
HONESTLY WOW!!!! THIS IS THE REASON WHY I DON'T TOUCH NEWS... i trust my analysis but its usually a 50% odd that a trade will go in my favour with high impact news lol Still this eurusd trade would have been sweet, if i had the balls to trade news lol
Another round at this looking at the YEN INDEX to gain opportunities on FX
The same applies every time I look for entries with that shark pattern, I first look for an ABC PATTERN. Then set the fib tool to identify pull backs.. sit and wait for the market to give me a signal and take the trade. I've passed funded accounts with this method and still doing it. i usually aim for a 1:2 or 1:8 RR it really depends
The USDJPY's Weekly chart is showing signs of a potential Head and Shoulders formation. While engaging directly on the weekly chart might be considered risky, what if we use a Combo Trade Management strategy? There's a Bearish Shark Pattern on the Daily chart, and we might witness a formation of a Bearish Deep Gartley Pattern on the 1-hourly chart, providing...
EURUSD is exhibiting a sideways movement on the weekly chart. Here are two potential trade opportunities: 1. Buying Opportunity: - Wait for a retest of support at 1.0847 for a potential buying opportunity. 2. Shorting Opportunity: - Look for a shorting opportunity on the Bearish Shark Pattern at 1.0893. What's your preferred trade plan for EURUSD?
If its STRONG I'd be looking for short trades on yen pairs Vice versa.... If it is WEAK I'd look for long trades on Yen pairs
So based on my last theory I got clipped, there was a lot of news combined with heavy consolidations within price. For me that's a no-go to trade, I saw this set-up and thought mehn! but it's okay. A Strong confluence to confirm is the reversal wedge pattern in the (D ZONE) between 2.00 and 2.618 amongst price action.
CADJPY is displaying a confluence of bearish patterns: 1. Weekly Bearish Shark Pattern: - Retest in progress. 2. Daily Type2 Bearish Gartley Pattern: - Completion aligns with the Bearish Shark on the weekly. The trader plans to wait for a confirming candle on the daily chart near the level of 110.37. Share your insights and trade plans for CADJPY!
USDJPY is showing promise with a potential Head and Shoulders pattern on the Weekly Chart. Here's the game plan: 1. Awaiting Bearish Shark Pattern Confirmation on Daily Chart: - Patient approach for a comprehensive setup. 2. Early Trading Opportunities on 15-Minutes Chart: - Spotted Bearish Bat and Bearish Gartley Patterns. - Potential for quicker engagements...
GBPUSD is setting up for a potential combo trade. Keep an eye on: Bearish Shark Pattern: Timeframes: 15 mins and 1-hourly Completion: 1.2708 What makes this interesting is that both Shark Patterns have different starting points. Exercise patience and wait for candlestick confirmation. Share your insights and trade plans on GBPUSD!
If you're seeking shorting opportunities on EURUSD, I've got two potential setups for you. Remember, always wait for candlestick pattern confirmation before making your move. Bearish Shark Pattern: Look out for completion at 1.0917. Bearish Bat Pattern: This setup is more intriguing to me, as the Potential Reversal Zone (PRZ) aligns with the bearish...
This is again lunatic futuristic and crazy idea. but who knows? Currently in weekly timeline, we had a shark pattern occurring. We reached the C point but still has an option to raise till 173.484 which is Fib 1.618 for A-B. so if this occurs, we will have our next LUNA here. D target will be around 10 cent. (%99.75 fall) as I said, this is a lunatic idea......
If you trust the recent 9/20 day moving average crossover enough to short copper, today's bounce back toward the 9MA might be a good one to sell. When setting a profit target to the downside, a harmonic trader could project a shark with its C-point (D-point in the diagram) in the neighborhood of 3.5365 (red circle), for about a USD0.25 profit per contract. This...
Months ago, I shared insights into the impending Bearish Fib-3 Bat Pattern on the weekly chart, offering substantial profit potential (over 10,000 USD/lot). Check the detailed analysis within the TradingView post. Presently, my attention is drawn to a potential Head and Shoulders formation, indicating a shorting opportunity of more than 1,000 pips on the weekly...
My sights are set on a compelling setup for NZDUSD. Both the Weekly and Daily Charts align with a Bearish Shark Pattern, presenting a powerful Combo Trade opportunity. I'm waiting patiently for the Bearish Shark Pattern completion at 0.6352 on the 4-hourly chart, aiming for a High Profit Factor with reduced initial risk. What are your thoughts on NZDUSD? Any...