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Bearish Shark

CADJPY - Bullish SharkBefore I talk about the Bullish Shark, I like to talk about the Bearish Shark Pattern(check out the related ideas posted within TradingView). That trade's target one has been attained{90.44} a total of 192pips captured, and its first target provides a 2.74 reward: risk ratio. The market has to break and close below 89.81 will significantly increase the odds of the 2nd target being hit. I will be shifting target2 further to 88.80, giving a 4:1 ratio to its risk profit. If you have not engaged in the trade, do not chase the market. I will then reverse the trade by counter-trend trading it as I engage the Bullish Shark setup.
Long
by RaynLim
USDJPY-Weekly Market Analysis-Mar22,Wk2On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the TradingView post) There is a possibility to earn the 103pips movement by reversing the trade. I will wait for a double bottom with RSI Divergence on the 1-hourly chart before engaging the trade. Any idea why that is important? Comment down below.
Long
by RaynLim
USDCAD - Bullish GartleyAs you can see there are 2 Harmonic Patterns that have the same potential of forming up. Although the Bearish Shark Pattern is about to complete, however, my trading bias is on the Bullish Gartley Pattern. You may wonder, "Why the Gartley Pattern rather than the Shark Pattern that's going to complete?" Well, the reason is simple, having the Bullish Gartley formed, it can create a trading combo on the 4-hourly Bullish Flag Pattern. Is that simple. That gives me the lowest risk and highest return possible.
Long
by RaynLim
GBPUSD-Weekly Market Analysis-Feb22,Wk3Remember the Bearish Shark on the 4-hourly chart I'd shared last week? It has made its 4 runs towards its profits of 117pips each run, that's 1,170USD per standard lot on each run, and it is reaching its fifth run. If you had missed those waves, don't miss them again! You might have a chance to engage the trade on the Bearish Gartley Pattern, if you manage to trade the Deep Gartley Pattern, it happens to be at the Entry Zone, better known as Type3 Shark Pattern. Trade like these I call these trade the Combo. You have the option to engage in trade with minimum loss and maximum profit potential. The key to this is the knowledge to identify if the Combo Trade is possible. You have to know that a potential bull flag is going against you on the 4-hourly chart after these runs. Get a coach, learn the right stuff, and you can identify these trends by yourself. Having the choice to work anywhere in the world is pretty cool, especially during times like this.
Short
by RaynLim
3
EURUSD-Weekly Market Analysis-Jan22,Wk4If you remember what we spoke about last week you would have seen how the market fell and was held by the trendline which is part of the Ascending Triangle. You would also notice how the candle respects the trendline, bounce off of it and refused to break and close below the trendline. If you had shorted when the market break and close below the support you would earn approximately 97pips, that is 970USD per lot traded and if you would have long from the trendline, at this moment you would have earned approximately 42pip which is 420USD per lot traded.(check out the link within the TradingView post) What has passed, has passed. This week I'm waiting for a Bearish Shark shorting opportunity or a retest of the trendline, perhaps a formation of Bullish Gartley or a Bullish Bat Pattern setup for a buying opportunity in this trend trading setup.
Long
by RaynLim
4