Completed shark pattern on H1 chart Price had dropped but gone back into PRZ, giving the pattern another opportunity RSI seem to be showing a bullish divergence Good R:R is 1.8 (TP1) and 3.4 (TP2) Traders may choose to enter a long position now using market execution.
FX:EURNZD Double bottom violation will invalidate the bullish thoughts Safe Trades;
Hello traders, here we have USD/MXN with a bullish shark pattern on the 4h chart. This is an excellent buying opportunity with over 1:3 risk to reward, don't miss out on this one! 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...
Hello traders, here we have EUR/CHF with a bullish shark pattern on the daily chart. This is an excellent buying opportunity with over 1:4 risk to reward, don't miss out on this one! 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...
There are some amazing setups forming on the charts, here we have NZD/CHF on the 4h chart with a potential bullish shark pattern (two potential reversal points). Excellent opportunity with over 1:3 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 I'll be looking for extra...
Hello traders, following up from my previous post on NZD/USD with a three drives pattern (shown below). I have now spotted a bullish shark and bearish 5-0 pattern on the 1h chart, this is an excellent opportunity to jump on this long term move! I'm still holding my position from last week with my stop loss in profit, I plan to continue holding it until we...
There are some amazing setups forming on the charts, here we have GBP/USD on the 1h chart with a potential bullish shark pattern. Excellent 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 I'll be looking for extra confirmation once we approach the D point.
Hello Traders , Merry Christmas ! GBPUSD has given me very good trades so far as I was selling from 1.26850 (you can see my previous view here ) Now I am looking for buy setups near the previous lows, where a correction could start.Divergence in place.Also a lot of Harmonics could be formed. 1)A Bullish Cypher Pattern has formed now at 78.60% -->(1.22300).Will...
Hello traders , Looking to XAUUSD chart I am expecting retracement of the (3) wave . We should watch for buy setups near previous lows as there is still space for more drop.Also a Bullish Shark Pattern will be formed.So 1099.60 and 1073.70 will be the next levels to watch if gold continue to drop.Don't try to catch the start of the retracement before...
Shark patterns ideally have 3 PRZs. This shark pattern has 2 PRZs, where PRZ 1 is invalid IF price goes way beyond that zone. The cut in oil production didn't affect USDCAD drastically, price is settling close to the bottom of the daily ED channel. If pattern completes at PRZ 1 before the Fed interest rate decision and FOMC, I will be looking to long this...
- Divergence is present - Waiting for reversal bar pattern inside PRZ (use H1 chart for a better entry)
Everything I've seen this week is indicating a strong Japanese Yen for the short term, here we have AUD/JPY on a 4h chart with a bearish crab pattern followed by a bullish shark. I will be going short all the way down to my 0.618 take profit level at 77.600... Then potentially entering a long position :) Credit to www.tradingview.com for spotting the bearish...
perfect bullish shark pattern. buy price range 0.7322 - 0.7369 . target price 0.7427 - 0.7461
We're looking at a complete bullish shark on a 4h chart for EUR/AUD, this is an excellent buying opportunity. To add to this I'm currently bullish on EUR/JPY with another harmonic pattern, you can find my analysis in the related ideas section below. Just before anyone points out I am fully aware the C point extends the 1.618 retracement but the candlesticks have...
AUDUSD has broken a long-term trend line on the 1H chart indicating short term weakness. 100 and 200 day EMA's are confluent with the completion of a bullish shark giving us a target on the short side. This trade takes advantage of the retest with SL above 50 day EMA and a R/R of 2.
Wow this is huge, we have USD/CAD on a 1h chart with a picture perfect bullish shark pattern. We've got a lot of analysis to cover in this post so please read it all! 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 I'll be expecting price to stall out around our D point, completing our pattern...
Bullish divergences present on H4 and H1 chart. Hope the price maintains the channel. USOIL is going a little bit higher but remains the downtrend, so this pair should go up… There is a bearish shark projection pattern on H4 chart, so if the price goes up, following this pattern on H1 chart, the target for this trade could be around 1.40
Following analysis form W1 and D1, on H4 chart the price is pressuring the resistance channel and a bearish divergence is present. A bullish Shark pattern projection emerges and could be a good opportunity to go short pointing channel support. On H1 chart, a bear divergence is present and you can project a bullish Shark pattern too...