Bearish Shark
Possible IHS & bearish sharkTwo recognisable patterns in one
Remember #ihs first valid when break of neckline.
If the #ihs pans out we could see a 110 dollar move higher - challenging the upper resistens line .....
for a possible continuation and break out? Time will tell.
First we have to see these 2 patterns play out.
BTCUSD
XBTUSD
Happy trading.
Wally!
Trade Ideas Position: EURJPY H1 SharkBearish Shark Pattern completes at 129.97, I will front run this order but need the qualifier to engage the trade.
Some will be looking to long to Pt D, I won't for this setup as based on H1 chart, it isn't on a Bullish Confirmation, yet.
Will share the exact entry, stops and targets to inner-circle.
USDJPY - Weekly Market Analysis - August 2018, Week 5Pretty Interesting setup as we have conflicting signal on USDJPY.
Don't get me wrong, on the Weekly Market Analysis based of Daily Chart market is still perfectly bullish. But if we head down to H4 chart, it is screaming out loud
SHORT SHORT SHORT SHORT SHORT
EVERY-BODY
Well, fun aside, traders just take note on the pink zone is where traders of higher timeframe(Daily Chart) is looking for long.
In any case, Trading Opportunity will definitely form up.
EURUSD - Weekly Market Analysis - August 2018, Week 5In this week, Weekly Market Analysis you can find that the closing candle fails to break above and close above the pink zone that symbolised shorting opportunity.
This week analysis I'm still looking at a shorting opportunity.
In fact, I've already engaged the trade on Bearish Shark formation that forms up on H1 perfectly.
Trade Ideas Position: EURUSD H1 Bear SharkNot my usual style to post Harmonic Pattern before the market cross Pt B as I always see that as too early to do it.
As I'm so involved in this trade, I just wanna let my readers know what I am waiting for and how I build my case of entry for the coming trade.
GBP/USD - Bearish SharkGood day traders! This week I'm looking at a potential bearish shark formation on the GBP/USD. This trade will be heavily influenced by next week's British CPI release on 18/04. No general consensus for this announcement has been settled upon yet, but I believe this consensus will make or break the pattern. This will definitely be one to watch in the coming week!
The daily chart is entering into an area where we have had previous support turn to resistance and the pattern at hand is forming within the second test of a potential double top! Lets keep an eye on this and see where it takes us.
Shark ratios:
C = 1.13-1.618
D = 1.618-2.24
X to D = 0.886-1.13