No much explanation here ...
However you trade, remember to always KEEP IT SIMPLE.
Looking to go in at 1.1370 (prime entry) with a 30 pip stoploss.
_________
Moving stoploss to break even should price go to 1.1595
Manually exiting position should price close below 1.1375
Trade safe. 🥂
Keep it simple.✅
All through 2021, we've seen price rise steadily on USDJPY.
Right now, price is approaching a monthly resistance, from which a huge reaction could occur that could take price to 102.00
There's also a shark harmonic pattern in formation.
When the time is "right", we'll be looking to capitalize on this move with a 30 pip stoploss (max.)
Trade safe🥂
Keep it simple ✅
This chat shows what I am tracking in the case that Bitcoin breaks down from here, on a longer term time frame (red arrows), and enters a real bear market (not just a correction, which I think we could potentially be seeing at the moment). As I have learned from being in this market since early 2016, if you think Bitcoin can drop X amount and hit a "bottom"......
Structure has been broken on the 4H timeframe.
Prime Entry ... 0.6235
30 Pips Stoploss
Target ... 0.6630
Risk : Reward
1 : 13
Move stoploss to breakeven around 0.6355 (i.e 38.2 level of the CD Leg of the harmonic pattern)
Manually exit position if price closes below 0.6235 ON THE 4H TIMEFRAME
Here's how I'm going to approach this setup ...
Entry price - 0.8390
25 Pips Stoploss
Risk : Reward
1:6
If price closes below 0.8390 on the 4H timeframe, exit manually.
Move stoploss to breakeven around 0.8440
Trade Safe 🥂
Could be looking for a potential entry at 1.0625 with a 25 pip stoploss.
Manually exiting my position if price closes on the 4H timeframe above 1.0633
Look to move your stoploss to breakeven once price reaches 1.0520
Trade Safe 🥂
I will be placing my bets on sells, i think it has taken the short term high on the daily, now its created its high of the week and now we will be pushing down. lets see how the week ends.
Hello traders! I hope you had an excellent weekend and learnt as much as you could from the week priors pa.
Todays PA is clearly bullish on the 1hr and the 4hr, so longs will be targeted.
The daily is still in a sell range and we have moved up within the possible mitigation of the recent PA however we aren't over the premium of the move.
To the left we can see...
Hi guys and girls.
So I got involved in a long trade last night on CAD/JPY at just after 7:00 PM BST on the break of a tight fifteen minute flag which I posted a screenshot of just a moment ago, but I was then once again wicked out almost to the tick (never mind the pip) as the Asian Session opened. Unfortunately market manipulation as I've touched on before has...
Hi guys and girls.
So I got involved in a long trade last night on CAD/JPY at just after 7:00 PM BST on the break of a tight fifteen minute flag which I posted a screenshot of just a moment ago, but I was then once again wicked out almost to the tick (never mind the pip) as the Asian Session opened. Unfortunately market manipulation as I've touched on before has...
I am back in my forex bag. took a break to focus on HFX. Gold is one of my favorites. I hope you all caught this buy!
Looking for sell entries currently.
I bought GBPUSD yesterday night (6 hours ago) and will share what I see to decide this decision.
First of all, GBPUSD is undergoing a nice bullish trend, a strong one with respect to dynamic value area in D1. I noticed GBPUSD directed to this dynamic value (moving average) and prepare myself to check the signs of rebound from it. I expect this rebound, because I...
No charting today just some good Sentiment for you to consider...Stay Calm, Stay Humble, Stay Focused.
Good Sunday to all the followers and supporters of TheShark. Its appreciated and I continue to try to add value to assist you along your journey of these amazing market cycles. I have received close to 20 emails in the past couple hours. I respect the worry and...
