A long waited bullish shark pattern setup is finally here. Trade has engaged as a countertrend trade for most but its a trend reversal trade for myself.
The counter has formed an inverted head and shoulder pattern. It has broken out of the neckline with a strong bullish candle. Hence, we expect the pair to be bullish in the near-term.
A final break and close above the high on the daily chart shows the 1st sign of a potential bullish run. A retracement and additional break and close above recent high will further confirm it. At this moment I will be waiting for this bullish shark to set up and head in for a trend reversal trade.
If you have been following on my trade analysis, you should know that I'm waiting for a buying opportunity on USDJPY for a trend reversal trade. There are 2 strategy that I am waiting for to engage the trade. 1) Bullish Shark on the 4-hourly chart 2) Deep Bullish Gartley on the 1-hourly chart As the level is close to each other, I chose the Bullish Shark setup...
BankNifty looks Bearish and ready to explode, Double Top formation happened on 11/11/2019 and 18/11/2019. Sell Immediately with a StopLoss of 30204 on closing basis at Spot Price. Also there is Bearish Divergence on RSI
Waiting for a bullish shark setup to engage this buying opportunity. Although the daily chart has a bearish bat setup but the most recent downtrend channel on it, suggest a potential bullish flag pattern that could jinx the bat. Heading in for this buying opportunity and see if this could be an opportunity for me to have an extended trade.
Once again a clickbaity title, but if you came here just based off of that you should feel a little guilty as well eh? Nothing is certain in our game. With that being said, I think I can deliver what was promised, have a look below.
A bullish shark setup for the trend reversal trade, personally I'm not key to that but rather waiting for a 5-0pattern to engage the short trade as I see JPY appreciate for the mid to long term.
MRKR Entered MRKR at $4.01 on Friday (11/1/19) and am monitoring for a sustained trend reversal. Watching for SP to bounce off $4.10, or if that does not hold, $4.01. If it does not reverse here I think it'll consolidate between $3.83 and $4.32. A reversal would coincide with a run-up into Q3 earnings which should be sometime this month and phase 2 data in...
Does this sound like it could pay off at all? ;)
Look at chart wait for take good position LONG
A bullish shark setup that resonates well with the base of the bull flag on the 4-hourly timeframe and it is also an opportunity to engage the long trade for the Daily Chart's Head and Shoulders bottom as a trend reversal trade.
There have been a few trend reversals in the past couple weeks for NATGASUSD. These reversals occured right after Divergences of Price vs. Momentum. Currently, AutoDivergence signalled a bullish Divergence. In this case AutoDivergence also includes an RSI-filter to add an extra confirmation to this signal. Looks like a perfect time to enter a long position!...
A bullish deep crab setup on the 1-hourly chart on NZDJPY has a deeper entry of the 4-hourly 5-0pattern. I will be observing how the market react at 5-0 pattern completion to decide if to engage the deep crab pattern and may even extend the target deeper.
I'm in for a breakout trade and trend reversal trade for this pair. I'm waiting for a retest of the base flag or even better, a Bullish Shark Pattern for a buying opportunity and extend the target upwards.
This was a bit tricky to spot but on top of all those confirmations if you draw Fibs on the 4hr its testing 61.8%-71.00% with a 4Hr Doji candle,
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$ can go in either 2 ways it can break the resistance its at. Or it can create an "M" formation (double top) and drop down. Wait for confirmation, and make the move but overall, $ has not dropped below the monthly support (71.103) since 2008, although $ has came down to the support it only touched it and revered its trend. (71.103) has been a strong support for a...