I see a potential bearish shark pattern completing soon. R:R at 1.8 (TP1) and 3.3 (TP2). I will update with more details if pattern completes.
Good opportunity with good R:R for this shark pattern. Pattern completed with price closing at PRZ. RSI is at overbought level now. Wait for current hour candle to form before considering to short. R:R at 2.4 (TP1) and 4.4 (TP2).
Obviously waiting for a clear signal before entering, as this is a counter-trend trade and carries a higher level of risk. However there's a big number of correlating factors. *DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE. THIS IS NOT A TRADING SIGNAL
Reasoning: 1) Confluence of Harmonic Patterns on Key Structure 2) Bearish RSI Divergence 3) Double Top.. ? * Do your own due diligence before entering the trade
Reasons for Short: 1) Bear Shark 2) Rising Wedge 3)RSI Bearish Divergence
Current trend looks ranging, looking to trade on that. A potential shark pattern is identified. Area of interest to sell : 1.12708 to 1.12757 Do not place an pending order, watch for price action. R:R at 1.5 (TP1) and 2.7 (TP2).
Hello traders, we have a nice trade oppurtunity at USDJPY on 4H chart. TECHNICALLY POINTS 1.As we see at the chart we have a bearish Shark pattern completion. 2.We also have bearish RAI divergence. 3.Stochastics are in overbought level. 4.200EMA have a descending slope so shorts trades are favoring. 5.We broke important trendline and we haven't seen a retest...
It's been a while since I posted, spotted this completed shark pattern. Price closed slightly above PRZ, I think it's fine. RSI has already hit overbought level, similarly for H1 time frame, I can see some reversal now. High R:R at 2.9 (TP1) and 5.2 (TP2). I might not aim for TP2, will update along the way. It's okay to short now based on H1 time frame.
MAJOR CONFLUENCE HERE TRADERS! I am super excited about this set up! Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD. Sharks and 5-0s compliment each other, given the similar Fibonacci measurements. The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the...
Bearish Shark Pattern detected. Currently targeting 0.382 and 0.618 retracements.
Shark pattern has just completed. RSI at overbought level. Great R:R at 2.8 (TP1) and 5 (TP2). Traders may choose entry point to short using H1 timeframe.
Currency pair: NZDUSD Timeframe: M15 Chart pattern: Bearish Shark Potential Reversal Zone: 0.886 XCD - 0.7039 1.618 BCD - 0.7039 Take profit: 0.382 CD - 0.7020 (20 pips from D point) 0.618 CD - 0.7008 (32 pips from D point) Best trades!
Just spotted this shark pattern, trade is still valid as price is still within PRZ. I would have shorted at RSI divergence where price was at 114. R:R at 1.1 (TP1 @ 0.5 CD retracement) and 2.2 (TP2 @ 0.886 CD retracement).
Hello traders, here we have EUR/CHF with a bearish shark pattern on the 4h chart. This is an excellent shorting opportunity with over 1:2 risk to reward! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 This pattern could potentially turn into a 5-0 in the near future, after a successful...
On the USD/JPY we can see a potential Bearish Shark forming on daily chart . The PRZ of the pattern is located between 114.70 – 114.66 including powerful 0.886 and 1.618 ratios. In addition we can see that PRZ is converging with the last downtrend wave (1-2) at 0.618 which in my opinion significantly increases chance of the potential reversal. First TP is...
Hello traders, here we have EUR/NZD with a bearish shark pattern on the 4h chart. This is an excellent shorting opportunity with over 1:4 risk to reward! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 This pattern could potentially turn into a 5-0 in the near future, after a successful...
bearish shark and bearish crab pattern on usdcad completed at 50% fib resistance. Stop loss can be placed above 1.3700
Bearish Harmonic Trgt = 50-61.8 Fib SL = 1260