CHFJPY - Potential Shark Pattern on H4 ChartI see a potential bearish shark pattern completing soon.
R:R at 1.8 (TP1) and 3.3 (TP2).
I will update with more details if pattern completes.
Bearish Shark
EURJPY - Shark Pattern CompletedGood opportunity with good R:R for this shark pattern.
Pattern completed with price closing at PRZ.
RSI is at overbought level now.
Wait for current hour candle to form before considering to short.
R:R at 2.4 (TP1) and 4.4 (TP2).
NZD/USD SHORT - ALL OF MY REASONS ARE ARE ON THE CHARTObviously waiting for a clear signal before entering, as this is a counter-trend trade and carries a higher level of risk. However there's a big number of correlating factors.
*DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE. THIS IS NOT A TRADING SIGNAL
CADCHF SHARK + ABCD PATTERNReasoning:
1) Confluence of Harmonic Patterns on Key Structure
2) Bearish RSI Divergence
3) Double Top.. ?
* Do your own due diligence before entering the trade
Bearish Shark Pattern EUR/CHFReasons for Short:
1) Bear Shark
2) Rising Wedge
3)RSI Bearish Divergence
EURUSD - Potential Shark PatternCurrent trend looks ranging, looking to trade on that.
A potential shark pattern is identified.
Area of interest to sell : 1.12708 to 1.12757
Do not place an pending order, watch for price action.
R:R at 1.5 (TP1) and 2.7 (TP2).
RSI AND STRUCTURE AGREES WITH HARMONIC BEARISH SHARK PATTERN.Hello traders,
we have a nice trade oppurtunity at USDJPY on 4H chart.
TECHNICALLY POINTS
1.As we see at the chart we have a bearish Shark pattern completion.
2.We also have bearish RAI divergence.
3.Stochastics are in overbought level.
4.200EMA have a descending slope so shorts trades are favoring.
5.We broke important trendline and we haven't seen a retest yet.
6.We are approaching an important resistance area based on previous structure.
POSSIBLE SHORT TRADE
BUY STOP AT 112
FIRST TARGET AT T1 110.440
SECOND TARGET AT 109.800
THANKS FOR SUPPORT!
HAPPY TRADING AND HAPPY PROFITS GUYS!
AUDCAD - Bearish Shark Pattern Completed on H4 ChartIt's been a while since I posted, spotted this completed shark pattern.
Price closed slightly above PRZ, I think it's fine.
RSI has already hit overbought level, similarly for H1 time frame, I can see some reversal now.
High R:R at 2.9 (TP1) and 5.2 (TP2).
I might not aim for TP2, will update along the way.
It's okay to short now based on H1 time frame.
NZD/USD - Bearish Shark + Bullish 5-0 + CONFLUENCE + DOUBLE PLAYMAJOR CONFLUENCE HERE TRADERS!
I am super excited about this set up!
Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD.
Sharks and 5-0s compliment each other, given the similar Fibonacci measurements.
The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the 0.6900 level.
That will then complete the D point on the bullish 5-0. We can close out our short position and open a buy order.
REMEMBER: Set your STOP LOSS accordingly. DO NOT risk more than 1-2% of your account.
Set up like this are HUGE on growing your account and profiting on both ends.
Risk/Reward Ratio - 1:4
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
Risk/Reward Ratio - 1:3.55
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
NZDUSD - Bearish Shark Pattern Completed on H4 ChartShark pattern has just completed.
RSI at overbought level.
Great R:R at 2.8 (TP1) and 5 (TP2).
Traders may choose entry point to short using H1 timeframe.
NZDUSD Bearish Shark M15Currency pair: NZDUSD
Timeframe: M15
Chart pattern: Bearish Shark
Potential Reversal Zone:
0.886 XCD - 0.7039
1.618 BCD - 0.7039
Take profit:
0.382 CD - 0.7020 (20 pips from D point)
0.618 CD - 0.7008 (32 pips from D point)
Best trades!
CHFJPY - Bearish Shark Pattern CompletedJust spotted this shark pattern, trade is still valid as price is still within PRZ.
I would have shorted at RSI divergence where price was at 114.
R:R at 1.1 (TP1 @ 0.5 CD retracement) and 2.2 (TP2 @ 0.886 CD retracement).
EUR/CHF - Bearish SharkHello traders, here we have EUR/CHF with a bearish shark pattern on the 4h chart.
This is an excellent shorting opportunity with over 1:2 risk to reward!
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
This pattern could potentially turn into a 5-0 in the near future, after a successful short.
To add to this short position check out my analysis on the daily chart below.
Price seems to be respecting key levels... We've just hit the top of a descending channel, I'm expecting further downside movement.
Feel free to connect with me below :)
USDJPY - Potential short opportunity with Bearish Shark dailyOn the USD/JPY we can see a potential Bearish Shark forming on daily chart .
The PRZ of the pattern is located between 114.70 – 114.66 including powerful 0.886 and 1.618 ratios.
In addition we can see that PRZ is converging with the last downtrend wave (1-2) at 0.618 which in my opinion significantly increases chance of the potential reversal.
First TP is placed at the 38.2% of the CD leg at 112.17 (253 pips from PRZ).
Second TP is placed at the 61.8% of the CD leg which is 110.62 (408 pips from PRZ).
Stop Loss would be placed above X point of the structure.
Best trades!
EUR/NZD - Bearish SharkHello traders, here we have EUR/NZD with a bearish shark pattern on the 4h chart.
This is an excellent shorting opportunity with over 1:4 risk to reward!
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
This pattern could potentially turn into a 5-0 in the near future, after a successful short (chart is shown below).
Feel free to connect with me on social media :)
Bearish Crab and Bearish Shark on usdcadbearish shark and bearish crab pattern on usdcad completed at 50% fib resistance. Stop loss can be placed above 1.3700
BTC/USD - Bearish SharkHello traders, here we have BTC/USD with a bearish shark pattern on the 1h chart.
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
This pattern could form an X to D of 1.13 but I find it unlikely... If it does it would create a valid bullish 5-0 pattern.
Feel free to connect with me below :)
Speculative Bearish Shark Pattern on USDJPYI'm new to Harmonic Patterns.
If B Resistance Level is broken I'll long until D & wait for confirmation to Short from there. Your input please ?
Possible Shark in DAX setting up or double top.Bearish Shark
Have first to be traded when it reveals itself as either a double top or harmonic Shark pattern.
The shark pattern could be tricky though! We could see only a backtest of the break out and up, but would of cause then still give a nice trade and gain too. Have to see as it expires.
Stay Sharp, Charts at
WALLSTScalper.com
AUDUSD - Bearish Shark Pattern on H1 Chart (2 PRZ)H1 Chart seems to be on a uptrend at the moment.
This shark pattern has 2 PRZs, do keep a lookout on which PRZ is being respected.
PRZ 1
R:R at 4.1 (TP1) & 7.5 (TP2)
PRZ 2
R:R at 4.6 (TP1) & 8.3 (TP2)
I will update when pattern completes.
