Sunpharma - Formation of 5-0 Pattern - Long OpportunitySunpharma - Formation of 5-0 Pattern
Looking for minimum targets of 38.2& & 50 %
Bullish divergence not seen yet, so looking for retest of the lows.
RSI is in oversold territory.
5-0 Pattern
USDCAD 1W CHART, 5-0 PATTERNTHIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
1w chart
Ascending channel, 2 touches on the upper trendline, expect to see the third one over 1.3670.
Second alternative is bearish, both shall be positioned outside red dashed lines.
EURUSD-Weekly Market Analysis-Dec18,Wk4The red box is my sell zone and having the bearish shark form up on 4-hourly chart and we can see how nicely the market have a sell off at Point D completion.
On 1-hourly chart, it give a buying opportunity at 1.1288 as a counter trend setup.
This December, market can be more volatile than other December.
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Trade Ideas Analysis: EURUSD S&RStructure Trade for this, back into our 5-0 pattern having a nice Pin Bar or also known as long shadow candle.
Already shorted the trade and I have 2 target for this,
Target and stops will be shared to my subscriber.
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Trade Ideas Position: EURUSD 5-0A Shark that I MISS!!! Argh!!
Is ok, Is ok, things happen, but I'm still Bearish Bias on this pair.
Waiting for the 5-0 setup that will require confirmation before I engage the trade.
Entry, Stops and Targets will be shared to my subscriber. I may even long on Shark retest before 5-0 pattern took place.
In just the month of Oct, we shared a total of 2,333pips of net profit.
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L&T Infotech Stock - Shark Pattern complete I dont usually trade stocks but I saw this setup on the chart
Shark pattern formation and price is now resting a little above 1.618 which makes shark pattern D leg complete.
Minimum retracement expected is 38.2% and 50% but I have provided 4 different targets.
It is overbought on lower timeframe and has small bearish divergence.
Shark pattern usually consists of 5-0 which is a continuation pattern, so I wont be surprised if stock moves further high!
GBPNZD Bearish 5-0 UpdateHere is the Bearish 5-0 update from last week or so. It hit the 2 fib level and is showing signs of a reversal to the upside as expected. Around 824 more pips up to the Sell Point. Then another potential 1,876 pips to the TP point.
I will get in on this buy up to the Sell Point.
Hopefully this pair doesn't get hit with news and does what it is expected to. Fingers crossed!
DAX - 1D - 5-0 and Crab pattern completion at 1.618 extensionDAX - 1D - 5-0 and Crab pattern completion at 1.618 extension
Looking for quick bounce from this level for minimum retracement to 38.2% or next resistance level.
5-0 is generally results in continuation after the retracement.
Bearish 5-0 on AUDCHFLooks like price is hung up at the moment. Once the markets open up again, hopefully price will continue down to the 2 fib line and bounce up to the "SELL" point.
EURUSD 1.33 by 2020 ?We have a perfect 5-0 pattern and bullish AB=CD.
Target is 161% of CD.
1.13 must hold, otherwise the pattern is invalidated
EURUSD Bullish 5-0 Monthly ChartThis is a bullish 5-0 pattern, formed in monthly chart.
The first bounce from 50% retracement (around 1.1450) reached 38.2% retracement of February high to August low around 1.1800/1.1780 before the pair resume downtrend and reached AB=CD projection.
Stop loss below 1.1180.
EUR/USD Transition From Shark To 5-0 PatternFinal Shark Reversal around 1.12-1.09.
As of 1.12 now the 0.50 retracement of DC sits around 1.19, concluding the potential 5-0 pattern
Bearish 5-0 on EUSDLooks like we have a nice Bearish 5-0 on the EURUSD 4H chart. My sell limit is at 1.13800
The take profit fib level lands on a significant level also (the red line)
GBPNZD Bearish 5-0 In PlayThis pair has been unpredictable as of late, but I think the Bearish 5-0 is still in play. I don't have the margin to take this trade so I might have to wait for price to reach the red box for the sell point.
GBPAUDThis is a possible Bearish or Bullish 5-0 pattern. Waiting for confirmation to see which pattern price will form
USDJPY - 2 Sharks and a 5-0 across 2 timeframesUSDJPY - 2 Sharks at different timeframes, what can you expect?
On the hourly chart, USDJPY has completed a bearish shark.
We are right there at the PRZ right now.
If the market reacts and USDJPY reverses from here, we can expect it to reach 112.95 which is the TP1 of the shark pattern.
Small Shark execution
PRZ 113.30
SL 113.70
TP1 112.95
TP2 112.65
At 112.95, USDJPY can either fall further or rebound from a bullish 5.0 pattern.
In the bigger timeframe, we have a big shark completing at 114.50.
Therefore, my GUESS is USDJPY will rebound from 112.95 after the 5-0 completes to confirm the bigger shark at 114.50.
Big Shark execution
PRZ 114.50
SL 115.70
TP1 112.90
TP2 111.70
Trade Ideas Analysis: NZDUSD Double TopWaiting for the restest to form up at this level to continue the trend trading setup.
Will be taking 2 targets, exact entry, stops and targets will be shared to my inner circle.
Trade Ideas Position: USDJPY 5-0 I will be waiting for the market to retrace back to the sell zone and look for shorting opportunity as a counter-trend trade.
Exact Entry, Stops and Targets will be shared to my inner-circle
Trade Ideas Position: CADJPY 5-0Will have to look how this 1-hour candle close, if it close as it is I will engage the trade to Long and may even take extended targets.
Entry, Stops And Targets shared to my inner circle.
