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Bearish Shark

GBPUSD-Weekly Market Analysis-Dec19,Wk2Apologise to the English Viewers for missing out the bearish shark pattern for a better chance entry. As mentioned on the video, this week GBPUSD on 12Dec19 there is a General Election, to me, this is as good as the 2nd referendum for Brexit. I'm not so much looking at if Brexit party win UK Pound will fall or Brestay party win UK Pound will rise, is more of the majority vote is given to either party, UK Pound will rise and if the result came in just as divided as the Brexit 1st referendum, UK Pound will fall hard. Traders who decide to engage the trade-in, either way, have to be careful of: 1) Market Whipsaw 2) Spread Widening Traders who have engaged the trade may consider this. Leave target2 open or extended target as a market expansion is expected why not look for 2nd support or resistance area as final target profit. If uncertain, avoid all GBP and EUR related pairs.
Short
by RaynLim
Trade Ideas Educator: AUDCAD SharkThe red lines that cut across the chart is the 4-hourly chart inverted descending triangle, not a typical setup I will trade for a breakout but surely a great reward: risk trading opportunity. So, if you going to sell, where will be an even better price to engage the trade? I head into 1 timeframe lower, the 1-hourly chart and spotted a potential bearish shark formation. It surely provides a better reward: risk but if it doesn't happen, I will wait for a break below and close below of the support line(red horizontal line) follow by a retracement to short the market. What's your trade plan?
Short
by RaynLim
Fox Corporation Bearish SharkGood evening and Happy Thanksgiving, We have a potential Bearish Shark Harmonic on the daily time frame. That being said, we are showing Strong Class A Bearish Divergence on the 4 hour time frame. I am not sure on how much selling off that will result in but we definitely have have the possibility of running up on the daily time frame between the .886 and 113% retrace inside the Blue zone. This is where major price reversal is probable. I'd like to state that FOXA has made it's first higher high through out the trend. We still have other highs to break of course. FOXA has broken out of a down trend we've been in since Inception. Fib Retracement from ATH's to ATL's also brings us to the .618 that coincides perfectly with the .886 in the harmonic which is also the start of the pc(zone) of the Bearish Shark. Short Entry between $37.25 and $38.81 - (being the safest entry). Stop depends on the entry, but with an entry at $38.81, a stop at 40.01 would be ideal. Exit targets are between the common retraces but also at Wave B at $34.72 Join our Free Telegram Channel: t.me We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019. Subscription prices are $99 a month, $499 for 6 months and $999 for a year. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education." Don't let the prices scare you, we give TA free too! But the most benefits are in the Elite Channel. 50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else. Feeling generous and wanting to show us love and support? Donation addresses are listed below $Usdc: 0xe3b95b4575d6456D090ac24Ad4DC8D46C9c97b2C $Bitcoin: 3Jg9ng234aJdgz3zzt3iCyeb124eAmKs5N $Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599 $Litecoin: MRHupJeTegPM2a8AJewC3B1oqq7Mpjr1MK $Xrp: rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg Tag: 2183371567 $Bat: 0x9b95E0Bd4556dbb0b407B32f43B923607b896F48 $ChainLink: 0x559d92B08D72Fe20B0aF063ebE59ead6612c2b00 $Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU $Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144 $XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTr
NASDAQ:FOXA
by ChArtWorks_TechnicalArts