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Bearish Shark

AUDUSD, daily tf, bearish shark harmonic patternHello my friends, Another setup coming today for you is AUDUSD pairs. As i was looking at this pair, i noticed that price has been moving up in an aggressive way. AUDUSD soars 280 pips from it lowest point this week which is 0.7000 to 0.7280. After a rally at this aggresive pace, it usually will be followed by some exhaustion. I am expecting price to retrace soon because at the same time, it looks like a bearish shark harmonic pattern is completed. If you look at the 4hr chart, we could see some reversal candle has formed which is hammer candle. As it was forming near the top of this harmonic pattern, i am taking a conclusion we could see some reversal to the downside soon. We could try selling AUDUSD for some retracement towards 0.7160-40 area which is the strong support. If you find this post useful, don't forget to follow me and give me a like. Stay tuned to my next updates. Sell AUDUSD 0.7265 Stop loss 0.7300 Take profit 0.7160 RR Ratio 1 : 3 (3R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
EURUSD - Bearish Shark Structure RetestA bearish shark has formed up at 8am(+8GMT) candle today, along with many of my harmonic patterns trade setup. I've chosen not to engage it as today is the day that many of the states vote counts will be released and we won't know what can happen. During my earlier live session, we had engaged this trade and I did mention as long as the 9pm(+8GMT) candle didn't break and close above the Major Resistance, I'm going to engage it. The best part is it is still below the bullish trendline. With the US Election 2020 and the Brexit Negotiation, I'm fundamentally bearish on this pair.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Oct20,Wk4As EURUSD had a checkback on the bearish shark pattern, there are 2 major prices that I am waiting for the shorting opportunity. The first level I'm waiting to short is the previous high at 1.1873, traders might see it as a retest of resistance and head in for the shorting opportunity. Another level that I'm waiting for the shorting opportunity is at 1.1893, which is along the upper trendline that was formed by the parallel channel, the one rule for me to engage the shorting opportunity is that it shouldn't break and close above the channel.
Short
by RaynLim
NZD/USD Bearish Shark - 4hThe NZD/USD has formed a Harmonic Pattern - the Bearish Shark. Reasons for entering the Trade: Fibonacci levels align to form a tight Potential Reversal Zone (PRZ). A reversal candle (Shooting Star) forms in the PRZ. The PRZ aligns with a resistance line Trade management: Stop loss at reversal candle high. Short on reversal candle confirmation. Take profit 1 at 1X stop loss size Take profit 2 at a 50% BC retracement. after reaching the 1st take profit, move stop loss to entry point. So far the 1st TP has been reached and we are taken out at the entry point. Profit - 21 pips You can look for short term entry point to reach the 50% BC level.
Short
by nadavhurwitz
EURUSD-Weekly Market Analysis-Sep20,Wk2You see there are 3 scenarios on EURUSD and all 3 I am waiting for shorting opportunity. That's because EURUSD on the daily chart there is an RSI Divergence. If the market can't break and close above the black box, I'll head in for a shorting opportunity base on the bearish flag pattern. If the market head up straight to the red box then I will be looking to sell within the preferred shorting zone(red box). Even if the market break and close above the red box, I'll be waiting at the bearish shark shorting opportunity.
Short
by RaynLim