Bearish Shark
USDCHF- Bearish Shark HourlyUSDCHF- BEARISH SHARK HOURLY
Kindly enter in trade when any Bearish or reversal candle is seen at the entry price 👆🙏
best of luck
Bearish Shark EntryA simple Bearish shark entry meant for the 5 minute but 5 minute was too small to publish publicly for Tradingview hre is the preferred timeframe.
Bearish Weekly Shooting Star at PCZ of Bearish Shark on HBARUSDBeen a long while since i seen a shooting star pattern like this on a weekly chart but here we are the next few weeks are bound to be interesting if the weekly closes like this tonight.
RSI Extended at PCZ of Bearish SharkLets try this again, we entered before and it was going well but then was stopped out by the surprise of the hurricanes. But now there is another potential entry on the charts in the form of a Bearish Shark and an extended RSI. I will be entering here again with stoploss about 3 ATRs above the 1.13
Bearish Shark EntryWe got some Bearish Divergence near the 886 PCZ of this Shark to back us up here.
EURJPY - Head and ShouldersA potential Head and Shoulders formation on the EURJPY, I will be waiting for a candlestick confirmation at 129.00 on the daily chart for a buying opportunity.
If the market further extends, it may stretch to the Bearish Shark Pattern.
EURUSD-Weekly Market Analysis-Sep21,Wk3Last week, I've shared with you a Bearish Shark and Bearish Crab Pattern. If you have engaged the trade, that would give you 83pips of profit, which is 830USD/lot traded and you have not reached the first target yet.
If the market retest 1.1800, that is an opportunity for you to engage for a shorting opportunity.
I will be waiting for a double top when the market retest at 1.1776-1.1750 for a buying opportunity.
Bearish Shark May Be Looking To Trap A lot of Bulls.We have a Bearish Shark visible on the Weekly with Bearish Divergence and a Huge Spike in Weekly Volume after an extreme upside Breakout. I never heard of this stock before and i hardly know what they do but just looking at it tells me that there are a lot of bulls betting for more upside up here and that any amount of selling below the breakout zone can easily lead to a very steep decline.
EURJPY - Bearish SharkDo you remember the Bearish Shark setup that I've shared on 15 March 2021?
Well, I don't remember the exact date, but tradingview does. That's 1 thing I love about tradingview.
It helps traders to differentiate the real trader apart from those who just do screenshots that are favourable to their desired outcome.
For those who have engaged on the Shark Pattern on the weekly chart, right now it is giving you 338pips(approx. 3,380USD) of running profits, from a 579pips(approx. 5,790UDF) retracement.
Check out the link at the bottom of the tradingview post.
At this moment there are 2 potential scenarios on its daily chart. A bullish bat completing at 126.00 as a trend trading setup or a Bearish Shark Pattern completing at 133.46 as a counter-trend trade.
EURUSD-Weekly Market Analysis-Sep21,Wk2Two Harmonic Patterns Converge at 1.1892. I'm waiting for a retest at that level for a shorting opportunity on the Bearish Shark and Bearish Crab Pattern.
Both Shark Pattern and Crab Pattern is a counter-trend setup and it is more likely for this pattern to consolidate, retest and retest before the actual move.
Once the market retest the Bearish Channel, it will be a great idea to shift stop-loss to entry.
Post-Post-Profit Reentry at PCZ of Bearish Shark: Round 3This will be the third bearish trade i'v taken in on XLM and the second bearish trade i have taken in this zone. It's funny how it just keeps coming back and giving us entries at the same price level. Anyways; The stop loss entry and targets remain the same as they were from the first and second trade.
EURJPY - Bearish SharkShark Pattern, this is what shark pattern really is. If you got stung out on the same shark pattern and once it has grown into the next entry price, the textbook case suggest that you should still engage the trade should the candlestick confirmation come by.
Compare to its peers, USDJPY, this is the more well-liked set-up as it was a trend trading setup, unlike the USDJPY, counter-trend setup.
I will have to wait for the candle to close at 9 pm (+8GMT) which is 16:00(UTC +3). If a pin bar, or long shadow I will be looking for a shorting opportunity.
GBPJPY - Bullish Butterfly ExtensionWe have a Head and Shoulders Pattern and it's completion come into the Bearish Shark completion. Well, it gives a 1:1 Reward:Risk but we are looking at 140pips of risk.
WOW!! Not for me man!
So instead of buying at 1unit, I'm going to wait for the butterfly pattern setup, a bullish butterfly completing at 151.05 for a counter-trend trading opportunity off the 15minutes chart but a trend trading on the 4-hourly.
For this setup, I would rather miss the trade than to put myself in a 140pips risk.
USDJPY - Bearish SharkA bearish shark pattern is about to happen on USDJPY as well. Sometimes these happen to the Yen pairs, 1 after another and it is really your trading rules to decide if you cherry-pick them or you engage them anyway.
What's the difference between these 2 Shark Pattern setup is that this is a counter-trend setup.
Traders who have the in-born mindset of how high can it go or buy low and sell high would prefer the USDJPY Shark Pattern setup.
Which is your favourite?
Let me know in the comment segment below.
EURJPY - Bearish Shark check-backLike many traders, I have high hopes for this trading setup. I even see this as a trade that will hit its First Target(TP1) even before its counterpart, USDJPY. But I was wrong about that, you can check the link at the bottom.
Don't get upset over this, because a check-back is pretty normal for a Shark Pattern and it's probably because this is on a 4-hourly chart and the USDJPY is on a 1-hourly chart. So it might not be because of the trend trading vs the counter-trend trading setup.
However, once the market touches 129.26(indicated with a blue arrow), I'm going to shift stops to entry and that it because it is a potential level that the market my stop and reverse against me. That's why checking back on the trade with unbias market sentiment is crucial to 1 success in trading. Well, if one fails to remain unbiased in his/her trade, then when the trade is engaged, just leave it alone.
USDJPY-Weekly Market Analysis-Sep21,Wk1On Thursday 26Aug21, I've shared a Bearish Shark setup on the USDJPY. I've also launched a poll in my telegram group you can access via my tradingview post at the bottom of this post. Many if not all the people who participated have voted the EURJPY over the USDJPY setup. Both of them are Shark Pattern and both of them are bearish setups too. The only difference is that the EURJPY setup is a Trend Trading setup and the USDJPY is a Counter-Trend setup.
To be honest, I have the same view too, but lucky for me, I didn't cherry-pick. I engage both of them and USDJPY is 10pips shy away from its first target (TP1), while EURJPY has its retest at the entry price.
We can have our preference but when the setup form, we shouldn't have our confirmation bias.
The link to both Bearish Shark analyses is at the link at the bottom.
At this moment the concern I have is this potential inverted Ascending Triangle which may sabotage my Shark Pattern trading setup. I've set my alert on the ascending trendline and the alert will trigger only when can candle touches the trendline and alert me when the candle close. This is how trading should be and not aimlessly staring at the chart.
If the candle respected the trendline and reverse at that point, I may exit my Final Target early and may reverse my trade(going long). This solely depends on how the candlestick closes and interact with the trendline.
There is other Harmonic Patterns on the 4-hourly chart but to keep it clean I've removed them. If you are interested to check what setup is there, you can check out the link at the bottom.
EURJPY - Bearish SharkA Bearish Shark Pattern formed on the EURJPY trade. The Shark Pattern is 1 of the trickiest pattern in the entire Harmonic Patterns collection.
It can have as many as 3 Potential Reversal Zone(PRZ) which is also known as the entry zone. I'm waiting for the candlestick confirmation for a trend trading opportunity that happens within the sell zone(go figure, clue: the completion is within the zone) but just a bit shy of touching the supply zone(red box)
Bear Flag Breaking Down Below SupportWe could see a retrace down to 42400 upon bearishly breaking this consolidation.
USDJPY-Weekly Market Analysis-Aug21,Wk3A Bearish Shark Pattern complete at 111.76, but that would be my immediate focus. A consolidation zone between 109.59-109.35 would be the area I'm waiting for a Double Top with RSI Divergence for a buying opportunity.
Trading can be simple. Don't overthink.
GBPUSD-Weekly Market Analysis-Aug21,Wk3A Bearish Shark Pattern has shown up and is complete at 1.3952 which is nicely seated within the consolidation zone between 1.3947-1.3957.
However, that Harmonic Pattern will not be the immediate trading opportunity. What you can expect on Monday market open will be the sideway bounce setup between 1.3878-1.3799. A double top with RSI Divergence and a 3 point reversal would suffice.
4 Hour Bearish CypherLINK may potentiall6y reverse between the .786 and the .886 retrace as it shows Bearish RSI Divergence and appears to be is overbought territory.
