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Bearish Shark

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!
Short
by The_Greek_Trader
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
by cdschultheis15
1
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 :)
Short
by LewisGlasgow
30
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!
Short
by trader0618