Bearish Shark
EURUSD-Weekly Market Analysis-Apr20,Wk4The candle break and close below the sideways consolidation(red line) and retrace back into the 1-hourly chart sell zone and within that, there is a bearish shark setup on this trend trading opportunity, AB=CDpattern is in to sweeten the deal.
I will be waiting for a candle confirmation to engage the trade.
Trade Ideas Educator: GBPUSD SharkA bearish shark pattern has confirmed and I'm waiting for a check-back before I engage the trade as a trend trading setup of the daily chart.
The setup on the link at the bottom that I didn't engage, but is great for a reference.
It is important to always wait for confirmation, that is especially true for some of the harmonic patterns like the shark pattern.
Trade Ideas Educator: EURJPY SharkA type 2 bearish Gartley, bearish shark, AB=CD pattern on the 1-hourly chart within the daily chart 5-0pattern, with all these patterns converge at the same range used to excite me, but now is just another trade.
Why is that so?
Have I achieved Zen in trading?
Well, no. It's because somehow when I see 3 patterns converge at the same point, it usually doesn't work, at least from my experience.
Nevertheless, I will be waiting for candle confirmation before I engage the trade.
Trade Ideas Educator: AUDCAD SharkA bearish shark pattern has already reached Point D, but it's still not the right time or the preferred price for me to engage this trade. I prefer to wait for the Shark Pattern to reach its HOP level or instead the supply zone(red box) to engage the trade.
What're your thoughts on this?
Trade Ideas Position: EURJPY SharkA bearish shark setup as a trend trading trade within the sell zone. The structure also has an AB=CD pattern formation complete at the area, and this will increase the selling pressure. Trade has already engaged and level send to subscribers who are in our community, check out the link(3) at the signature below.
Trade Ideas Educator: GBPAUD SharkGBPAUD is a very volatile pair; to trade this, one must have a mental preparation that market can still reverse against you after riding on a 100pips+ profit.
Now this present as a third-chance entry to engage this trade of the countertrend trading. You might be asking, "Hey then, why is this trade still in your list?" Well, the volatility of this that attracted me. Be prepared to get stung out multiple times before being rewarded.
As long as the market didn't gap up or gap down too much, I will still be looking for a shorting opportunity.
Trade Ideas Position: GBPAUD SharkA bearish shark pattern that converges with the 5-0pattern for a shorting opportunity forms at the peak of the band isn't that great?
Don't underestimate the small wick over there, it is close to 50pips difference, and the tip of the 5-0 Pattern happens to be the HOP(Harmonic Optimal Price) on the bearish shark setup.
I've placed a sell limit order to engage this trade, and that gives me a fantastic Reward: Risk. Aggressive Traders can decide if they are going to enter the trade.
Trade Ideas Position: GBPJPY SharkA bearish shark setup that coincides with ABCD pattern formed as a counter-trend trade, conservative traders can wait for a confirmation candle to engage the trade.
The additional advantage of this setup is having an RSI divergence on this setup and on the higher timeframe, it is also within the sell zone that was formed by a bearish bat and a bearish crab pattern(link to the connecting chart at the bottom).
Beautiful setup and opportunity but it don't guarantee a fall of this pair, it's good to know that there are so many setups align at the same zone at the same time.
GBPUSD-Weekly Market Analysis-Feb20,Wk4A bearish shark pattern on a sideway trade setup on this timeframe appears once more. The bearish shark's setup completion point was at the resistance at X of its pattern, and the D point for the previous ABCD pattern may contribute to the additional downward pressure if the pattern completes.