Synced with previous structure Low's, im short at this pair, with expectation to hit point D of a Shark advanced pattern!! Long at D Targets between 38.2% and 100% CD leg
There is bullish Shark pattern that has setup now in this pair within the long trading channel GBPUSD has been in now and COULD potentially signal the end of this consolidation and set for an explosive impulse wave up and out! If you have been following my posts, you'll know that I have been bullish on this pair for a while now dating back to my post 23 days ago....
UPDATE #4: Updating my post on "UPDATE #3: GBPUSD: Bearish Cypher & Bearish Crab BOTH Completed" (see Related Ideas) As I'm writing this, TP1 was hit to book +89 pips profit. At this time, PA looks good to hit TP2 as I am expecting more downside to this pair. In addition, I've added a POTENTIAL Bullish Shark pattern to look out for should prices get down that...
Aggressive entry I took almost the high of this potential long legged doji with a Shark113 short @ 2.1000. I consider this level as the higher zone of the PRZ of the bearish crab. I will post another logchart with all my trades within this PRZ of the bear crab. Testing Thus far, each level of the PRZ has tested: - XA 1.618% extension / BC 2.618 extension - BC...
A bearish Shark pattern has been completed on USDCAD 4H timeframe. Shark is one of the most probable patterns as the completion D point naturally falls at a significant level. In this case D point is the 3rd retest of the 1.25620 level. The beauty is that even if price fails to reach the level and falls short, but achievs 0.886 retracement of the XC distance,...
Line of sight A butterfly wants to fly. But wait..is it a Shark waiting to take a bite? Going up to fast The butterfly is going up (too) fast. Or is it? Signals RSI (7) is going too fast compared to how much it is retracing.. If it is heavily oversold at the first line of defence, this could be another trend following setup.. If it is heavily oversold at...
Overextended with a 1.113 extension After the final breakout, the pair tried to extend even further. However, this extension did not hit the 2.0705. This tells me that this pair is done extending for now. Retracement/Correction Therefore I shorted this market from 2.0504 hoping for a retest of the psychological level 2.000. Trade setup long:...
Possible Bearish Shark Be careful though! It's my experience that Harmonic is a bit more loose and unpredictable in Biotech. I'm long the stock right now. TWUC @BlawrenceM Follow me on twitter for intraday updates
Notations on chart! I'm long....looking for target at the circle ... At wave 5 & harmonic ABCD harmonic Circle at the 78.6 fib retrace of the x to c leg Fear not .. believe in what you see @BLawrenceM
Bearish shark 1.13 is key for the bearish shark C-keg now at 1.13 Fear not @BlawrenceM
Price is making it's way up in a corrective pattern towards the completion of the yellow Bat pattern, not in such a good structure level, but might see a reaction from here as price is not looking too impulsive. If price continues to retrace from the last minor leg up, we might expect a reaction from the completion of the purple Shark pattern in confluence with a...
update: stopped out My previous trade was a loser.. Now I've entered again, countering the trend with a bullish Shark completed at 1.5169. If this one works out, It will maded up my previous losses
** update: stopped out, re-entered at 1.5169 long After a very big bearish shark which completed at 1.5551 after 56 days, the GBPUSD rate retreated 50% of leg BC. Now, on a 4H chart you can see that the pair recently broke out of an upward channel. Also, the last advance to the C point of the bigger shark, extended 1.113% and did not touch the 1.1272% extension....
After completing the bearish bat (green) to the tick possible bullish shark and bat completing at same level 280.83 for along, if the PA reaches that level.
PA already triggered the bull shark close to $40. If PA turns down to test the lows possible long on 5-0 near weekly TL @37.4
If PA drops on today UK data (earnings, employment) and continues down bullish shark completion @5037 and bearish 5-0 wave3 @5025
Narrow descending channel, touched 127.2 fib. arc a few ticks to bull shark completion