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NZDUSD - Bearish Shark comboNZDUSD has a Bearish Shark Pattern on the intra-day and daily chart timeframe. My engagement will be on the intra-day timeframe; that's when the Shark Pattern completes at 0.6270. A minimum of 3-bar reversal must be seen on the intra-day timeframe before engaging in the trade. I would stretch my targets to which of the daily chart patterns, giving me a lower risk with higher returns. You can't do this to all trading setups, and you have to understand the trend well before you could even consider doing that.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Nov22,Wk4It's amazing that for more than a week, the market trial along the tip of the ascending channel; shows that the market has hesitance to break and close above the channel. That is excellent news, as I plan to short the GBPUSD off the Weekly Resistance Level. You could check the related ideas within the tradingview post for my lower timeframe strategy. If a break and close above the parallel channel happens, I will wait for a candlestick pattern confirmation at 1.2572 for a Bearish Butterfly Pattern. The harmonic pattern has the potential to form within the next consolidation zone, which is great for extension patterns like the Butterfly Patterns.
Short
by RaynLim
USDCAD - Bullish SharkA potential Bullish Shark Pattern is looking to complete at 1.3039, visually it is close to the Weekly's Chart Key Support Level at 1.3004. The perfect setup would be the candlestick wick touches 1.3000 but close above 1.3039. This would bring 3 groups of traders to engage in the trade. 1. The Harmonic Patterns traders 2. The Structure Traders and 3. The Price Action Traders You have witnessed how we rank the importance and the potency of trading ideas. Check out the link at the bottom of the post to join our community.
Long
by RaynLim