A potential bullish shark pattern seems to be forming, waiting for RSI to hit oversold level as well. We have the Federal Funds Rate this week, do trade with caution. R:R at 1.8 (TP1) and 3.5 (TP2). Good luck.
A bullish shark pattern has completed on H4 Chart. RSI hit oversold, price has retraced back to PRZ. Slow moving pair, suggest to long to TP1 first. R:R at 1.5 (TP1) and 2.9 (TP2). Good luck.
Hi guys! Looking at the week ahead there are several potential setups on my watchlist. One of which is this bullish position on the EUR/AUD. Using the shark formation, price has already entered our PRZ whilst testing a strong level of daily support! Since this level has been tested previously we have every reason to believe history will repeat itself (see below...
Hi Traders. Here we have the FX:EURAUD on the 1h timeframe with a Bullish Shark pattern. Risk reward 1:4 The trendline confirms support in the potential reversal zone.
Bullish Shark Bearish Shark AC 1.13 - 1.618 AC 1.13 - 1.618 XB 0.382 - 0.618 XB 0.382 - 0.618 BD 1.618 - 2.24 BD 1.618 - 2.24 XD 0.886 - 1.13 XD 0.886 - 1.13
BLS International is forming Bullish Shark pattern. The potential reversal could be around 158 zone.
Bullish Shark A-C 1.13 - 1.618 X-B 0.382 - 0.618 B-D 1.618 - 2.24 X-D 0.886 - 1.13
Potential Bullish Shark On EURJPY 1hr Timeframe. Reward to risk of over 2:1 Will need to monitor how it reacts as it approaches support at around 131.97
Hey guys, Today I am looking at Silver, with a bullish shark formation on the 4 hour time frame. Normally for this pattern I would feel more comfortable if the B point was at least 0.382, but the level of support at the PRZ is very strong. The support is holding as high as the weekly timeframe, which is why I am feeling drawn to this trade. Shark Ratios are as...
Good afternoon guys. Doing some generic charting today, I am looking at this bullish shark pattern. This pattern is a long way away from hitting, but will be a good buy for some position traders if price hits the expected PRZ. The PRZ is aligned with strong support on the weekly and monthly time frames. There will also be potential for this pattern to turn into...
Here we have a potential Bullish Shark pattern on the hour graph. The prince seems to have already touched the PRZ but we may see a retest and then for it to move upwards. Will keep updated as i see fit.
Bullish SHark ON EURCHF 4hr timeframe: RSI Is in oversold position as well
A bullish shark pattern is about to complete. R:R at 3.8. Good luck.
NZDCHF - Daily, Potential Bullish Shark Pattern
Hello, Traders! Today, we have GREAT structure forming on GOLD! Here, we have a bullish shark and a bearish 5-0 pattern. I personally, LOVE these set ups... GOLDEN RATIO X2! Price has temporarily retraced at a support & resistance zone, which is also X point, but the down trend continues. With these types of set up, we ALWAYS look for the DOUBLE PLAY: 1. BUY...
A potential shark pattern is completing after the FOMC. PRZ is at a good support level. RSI is reaching oversold level. Very good R:R at 2.3 (TP1) and 4.1 (TP2). I will update if pattern completes.