5-0 Pattern
AUD 5-0 pattern short.The Australian dollar went out of the shark evolution 5-0 pattern, short, four-hour chart, the Australian dollar short-term sentiment, the daily chart is still in a short trend.
The position of 0.5 inversion is also the structure "top-to-bottom conversion" of the perimeter graph.
First objective: 0.675
Second goal: break the previous low
Goal 3: Look lower (0.64600)
GBPUSD-Weekly Market Analysis-Jul19,Wk4Bullish Shark Pattern complete as a counter-trend trade. A trade that on the day of engagement produced a 114pips of profits has now slid to 70pips of profit without risk at the moment.
On the 4-hourly chart(left) has a selling opportunity form at 1.2739 as a bearish shark pattern. A potential price to see retracement at the level but with that, it does pose a buying opportunity too.
Do you know why so? Comment down below.
I asked a friend to make a schedule of this asset AZNtechnical analysis
The asset goes to the weekly channel.
I see a pattern that is drawn in red)
Mid channel pushed buyers away.
Let's go on the script.
If you look at the timeframe you can find a better entry point,
I would enter after the breakdown of the white border and put a stop flat abroad)
SKY/BTCSKY / BTC :
BUY : 0.00016
SEL :
TARGET 1 : 0.00020
TARGET 2 : 0.00024
TARGET 3 : 0.00029
STOP LOS : 0.0000020
NZDJPY Bullish 5-0 PatternNZDJPY tested the bottom set on the 3rd of January 2019 at 70.71. Now, it seens to be creating a Bullish 5-0 Pattern or Bullish 50% reversal, however, as I like to trade between Proyected Reversal Zones (PRZ). I have added the 0.618 retracement.
Potential Targets
T1 -(72.78) 100% extention of the move assuming that the bottom has been establish, otherwise, requiere re-calculate.
T2 -(73.64) 161.8% ext and 50% retracement, price broke this support and never looked back, I am sure that bear are waiting for this retracement.
T3 - (74.61) 61.8% retracement.