WE HAVE BEARISH SHARK PATTERN ON 4H TIMEFRAME ON USDCHF!
Hello traders we have a bearish Shark pattern that is alligned with previous price structure and overall downtrend.
TECHNICAL OBSERVATIONS
1.We have the 200EMA pointing to the downside so short trades are favored.
2.We have Stochastics at overbought levels.
3.We have previous structure based on price and Fibonacci levels fully alligned with the advanced harmonic pattern.
4.We can also see the descending blue channel that it's acting also as a resistance as price broke it and then retrace into it.Targets also alligned with the channel.
POSSIBLE SHORT TRADE
BUY STOP AT 0,97680
ENTRY PRICE WITH PENDING ORDER AT 0,97035 AND 0,97000 TO GET FILLED SURELY BUT WITH WORST P/L RATIO
FIRST TARGET T1 AT 0,96000
SECOND TARGET T2 AT O,95400
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
HAPPY TRADING!
TECHNICAL OBSERVATIONS
1.We have the 200EMA pointing to the downside so short trades are favored.
2.We have Stochastics at overbought levels.
3.We have previous structure based on price and Fibonacci levels fully alligned with the advanced harmonic pattern.
4.We can also see the descending blue channel that it's acting also as a resistance as price broke it and then retrace into it.Targets also alligned with the channel.
POSSIBLE SHORT TRADE
BUY STOP AT 0,97680
ENTRY PRICE WITH PENDING ORDER AT 0,97035 AND 0,97000 TO GET FILLED SURELY BUT WITH WORST P/L RATIO
FIRST TARGET T1 AT 0,96000
SECOND TARGET T2 AT O,95400
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
HAPPY TRADING!
Trade active
Note
Huge profits after some hours this trade was published..Price action hit our pending order and already a lot of pips profit target 1 is coming soon.Note
262 pips in profits!!Keep following for more profits!!Note
Thank you NFP and more profits to come...Back to the descending channel..Note
Decline of the descending top channel line and more profits...Trade closed: target reached
First T1 reached...keep following for more profits!Trade closed: target reached
Second target reached!!Congrats for those who listened and took the trade!
Keep following for more profits!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.