Bearish Shark
Trade Ideas Educator: NZDUSD TrendlineFOCUS!! Let's dissect this chart 1 by 1 like how we did our oral exam when we were much younger. :P
At a bigger picture, I have spotted a bearish shark pattern, noted on that as a potential reversal zone and I want to get involved with that but is too early to say.
Situation Awareness: Right now the market is in the sell zone until it breaks and closes above the sell zone(light red box) it still have some level of risk in this setup.
Trendline is 1 of my important filters because Structure is KEY!!! I will want to wait for a retest back into the trendline and look for a buying opportunity.
Students will understand how I use trendline.
EURUSD-Weekly Market Analysis-Oct19,Wk3A bearish shark setup out of the downtrend channel poses a treat to this shorting trade. Traders who had engaged the trade and shorted the market like myself chill. I will follow my trade plan the only thing that is different is that I will be alert when the market hit the 1st target and I might gear up for 5-0 pattern trading opportunity to buy.
Will have to see how the candle forms up at the 5-0 region. If market bash through of the 5-0 Pattern Zone, I'll then wait for my second target.
Trade Ideas Position: AUDUSD SharkThe final shark pattern for this run. Well, Shark can have up to 3 entry price but for this setup, this is the only 1.
What I love about this setup is that not just it meet with the 4-hourly chart major resistance, it also close to the daily chart lower high, that creates additional resistance for this trade.
Trade has already engaged.
Trade Ideas Position: EURUSD SharkA bearish shark setup on this supply-demand zone, although I'm looking at a mid-term bullish run, having this setup it fulfils a short-term shorting opportunity.
RSI Overbought and RSI Divergence. I will look into completion of 5-0Pattern to see if to exit early and not head for target 2 and wait for a reversal of this trade.
Pending Order set.
GBPUSD-Weekly Market Analysis-Sep19,Wk3A bearish shark setup for a selling opportunity in this trend trading setup. A shark pattern can have up to 3 entry price so is important that you have learned it right.
I may not engage directly and need further confirmation. Before market close GBP related pairs appreciate across the board, have to have some read up on Brexit related news to check on the development.
Is either you pay a little to a good coach or pay a hell lot to the market and you may not figure it out, your choice.
Trade Ideas Educator: EURJPY SharkOh wow if you have missed the bullish bat trading opportunity on the weekly chart, there's potentially another opportunity, a 5-0 pattern can set you up for a buying opportunity.
Do you know how to spot that though?
I've engaged a trend trading opportunity as the market has set up for a shorting opportunity, a bearish shark on the 4-hourly chart(left).
Let's see how this trade roll out.
Trade Ideas Educator: NZDUSD SharkBearish Shark setup at the extreme, I've already shorted the market is because of 3 reasons.
1) RSI Divergence on this setup
2) My Harmonic Pattern Assistance Software spotted this and deem this as valid.
3) Sell Arrow in my system showed up
4) A Pin Bar/ Long shadow candle shows up with a bearish engulfing candle
5) A perfect Rewards: Risk even when the market only touches 1st Target.
Trade Ideas Educator : AUDCAD SharkA bearish shark setup that I deliberately didn't take the trade because on last Wednesday 4Sep19 there is a Canada Rate decision marked by the red eclipse. Such an event can swing the trade both way and I'm not going to gamble again.
Heard of that phrase, there's always another chance, so here it goes, 2nd chance entry I didn't take again as its Friday and market are about to close. Will wait for either market open, observe the movement before engaging the trade or to wait for the retracement to happen.