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Bearish Shark

Navigating Contrasting Trading OpportunitiesGBPUSD is currently indicating a Weaker Bull Trend . Here are potential strategies for different trading approaches: Trend Traders : Waiting for a Bullish 5-0 Pattern on the 4-hourly chart at 1.2334 might align with your strategy as it complements the ongoing bullish trend. Counter-Trend Traders : For those seeking a counter-trend opportunity, a shorting opportunity off the Bearish Shark Pattern retest at 1.2453 or the completion of a Bearish Gartley Pattern on the 1-hourly chart at 1.2478 could be of interest. Each approach carries its risks and rewards. Ensure to align these strategies with your risk tolerance and trading plan. Best of luck with your trading decisions!
Short
by RaynLim
Navigating the Bearish Shark PatternGBPJPY currently positions itself at the Bearish Shark Pattern. While the pattern is not yet confirmed, aggressive traders might be tempted to seize the opportunity early, either to ride the potential high or out of fear of missing the move. It's important to note that a shark pattern could offer as many as three entry points. I'm intrigued to know your trade plan for GBPJPY. How do you intend to approach this setup? Share your insights below!
Short
by RaynLim
1
Exclusive Insights Inside!Last week, I issued a warning: "it's not a good idea to short the USDJPY!" Despite months of anticipation, the bull run on USD is not yet complete. If you're still waiting for a shorting opportunity, keep an eye on the 4-hourly chart for the development of the bearish shark pattern—a potential entry point for this counter-trend trade. Now, let's discuss trade plans and your thoughts on the USD trend. What's your approach to USDJPY, and where do you see the US Dollar heading? Share your insights below!
Short
by RaynLim
2
Dive into GBPUSD Trading InsightsGBPUSD currently exhibits a Weaker Bullish Trend on the weekly chart, introducing interesting dynamics. On the 1-hourly chart, a bearish shark pattern emerges, presenting a counter-trend trading setup. Simultaneously, the 4-hourly chart showcases a bullish bat pattern within the buy zone. My preference in this scenario is clear—I favor the bullish bat pattern on the 4-hourly chart. Now, I'm curious about your preference. What's your take on these setups? Feel free to share your insights below!
Long
by RaynLim
Aggressive Counter-Trend PlayI've identified a Bat Pattern retest on the NZDJPY, representing a counter-trend trading setup. This trade is categorized as a combo trade due to the presence of a bearish shark pattern retest on the weekly chart. In this instance, I've opted for an aggressive approach , meaning I'm engaging in the trade before waiting for candlestick confirmation. The profit potential for my final target is quite remarkable. A gentle reminder: Never follow any trade blindly and refrain from overtrading, regardless of your confidence in this trade or in me. Wishing you successful trading!
Short
by RaynLim
Potential Bearish Setup on Weekly ChartAs anticipated, the Bullish Shark Pattern has initiated its move on the Weekly Chart—a prediction I shared as early as October 8, 2023. For visual confirmation, refer to the chart within this Trading View post. Now, attention shifts towards the potential emergence of the bearish 5-0 pattern on the Weekly Chart. On the Daily Chart, there's a convergence of Bearish Shark and Bearish Crab Patterns, both culminating at the same completion level, 0.9015. This sets the stage for a potential shorting opportunity upon market retest at these levels. Alternatively, consider a shorting opportunity on the 1-hourly chart, targeting the retest of the resistance level at 0.8908. The pivotal question arises: What's your trade plan? Your insights carry weight. Please share your perspective below!
Short
by RaynLim
Navigating Bullish Momentum Amidst Potential Caution SignsIf you caught my last week's analysis, along with the accompanying article on Trading View, you can dive deeper into the details by clicking the link. In my previous analysis, I emphasized the significance of waiting for the Bearish Crab Pattern confirmation on the Daily Chart before considering a shorting opportunity. Now, let's delve into why this is crucial: It enables you to distinguish between astute analysis and a sales-driven approach often seen in the financial world. If you happened to miss the initial shorting opportunity, there are three viable options to consider: Option 1 : A retest on the Bearish Crab Pattern on the daily chart at 150.43, presenting another potential shorting opportunity. Option 2 : A retest on the Bearish Shark Pattern on the 4-hourly chart at 150.45. These levels may appear close, but they entail different timeframes for trading confirmation. Option 3 : You might opt to await a retest of the trendline on the 4-hourly chart before engaging in this counter-trend trade. The critical question now arises: Which of these three options aligns best with your trading strategy, and why? I'm eager to hear your thoughts. Share your insights below!
Short
by RaynLim
Analyzing for Aggressive Shorting and Buying Setups! USDCAD presents multiple potential opportunities, with a current focus on a shorting prospect. Weekly Chart Influence: The weekly chart displays a Double Top Retracement, guiding the overarching trading decision. Approach Considerations: While an aggressive trade might opt for an immediate shorting entry, I'm choosing a more cautious approach. Short Trade Options: Daily Chart: Eyeing a Type2 Bearish Shark Pattern for a potential retest at 1.3744. 4-hourly Chart: Noting a Bearish Bat Pattern completion at 1.3770. 15-minute Chart: Considering a Bearish Shark Pattern projected to complete at 1.3733. I'm interested in your perspective. Which of these setups resonates with you, or do you have an alternative approach in mind? Share your insights below!
Short
by RaynLim
Cashing in on Potential USDJPY Pullback Profits! The USDJPY pair continues its strong bullish movement, even on the Weekly Chart, reaffirming the prevailing uptrend. Counter-Trend Strategy: As a counter-trend trader by nature, I'm on the lookout for shorting opportunities. Trade Possibilities: Weekly Chart: A potential Bearish Fib-3 Bat pattern could offer an entry point for a pullback trade. However, I'm mindful of not waiting for excessive confirmation and potentially missing out on a 300-pip profit potential. Daily Chart: Keeping an eye on a potential Bearish Crab Pattern confirmation at 150.43. Intra-Day Traders: Consider waiting for the completion of a Bearish Shark Pattern at 149.96. I'm curious about your trade plan. What are your thoughts? Feel free to comment below.
Short
by RaynLim
Strong Bullish Trend for High Returns!The USDJPY is currently experiencing an upward trend. To capitalize on this trend, I plan to wait for a chance to buy at the Fib-3 Bat Pattern completion on the 1-hourly chart at 149.09. However, it's important to note that both the 4-hour and daily charts show a Bearish Harmonic Pattern that completes at a similar level of 150.41. As such, it would be best to wait for a candlestick pattern completion before considering a counter-trend trade.
Long
by RaynLim
2
A Balanced Trading OpportunityEURUSD has a last level of support on the Weekly Chart at 1.0544, and closing below 1.0446 would violate the Bullish Trend. If we're looking for a buying opportunity, the 1hourly chart support level at 1.0558 could be a good fit. Alternatively, we could wait for the market to sit on the Trendline before heading in for a buying opportunity. On the other hand, if we're looking to short, we could either sell the market at the Key Resistance Level on the 4-hourly chart at 1.0631 or a Bearish Shark Pattern completion at 1.0722. Personally, I'm more inclined to look for a buying opportunity. What do you think? Let me know if you have any questions or concerns. I look forward to hearing your thoughts.
Long
by RaynLim
A Promising Trading StrategyThe star trade of the week. I'm currently waiting for a shorting opportunity on the bearish shark pattern off the weekly chart. Trading off the weekly chart directly would send my initial risk through the roof. While we could always reduce our trading size when trading off the higher timeframe, it doesn't make sense to me. I'll be waiting for a bearish 5-0 pattern to complete at 110.56. My initial stop-loss is at 110.96, which is approximate -40pips or -400USD/lot. My first target is at 109.96, which is approximately 1,000USD/lot. However, there's also a bullish shark pattern that has completed at 109.96, so there's no reason why you can't engage on that as well. Remember, it's important to plan your trade and trade your plan. Never follow any trader blindly.
Short
by RaynLim
Beware of Shorting OpportunitiesAs we continue to analyze the market, it's become clear that avoiding bad trades is just as important as finding the next big one. This is particularly true when looking at the bottom 2 charts of NZDJPY's daily and weekly charts. On the daily chart, we can see that the Bearish Deep Gartley Pattern is over-extended, meaning it took longer than expected to complete the trading setup. As a result, the market may not respect the level and could bash through the resistance level. On the weekly chart, we also see that the Bearish Shark Pattern retest, doesn't give us an RSI divergence. Once again, the market may extend further before any significant retest. Despite all of this, if you're still interested in shorting the market, do it with caution. On the 4-hourly chart, waiting for the market to retest at the 90.03 level could attract price-action traders to jump in for the counter-trend move. Personally, I prefer to head in for a buying opportunity at the key support level of 89.05. My initial stop-loss would be at 88.67 (-38 pips) or approximately -380USD/lot. The first target is seen at 90.08 (+103pips) or approximately 1,030USD/lot. Remember, it's important to plan your own trade and never follow any trader blindly. Let's continue to monitor the market closely and make informed decisions.
Long
by RaynLim
Short NASDAQ once more!I wanted to share my thoughts on the latest shorting opportunity I've spotted on Nasdaq. It appears to be a Bearish Shark Pattern, with some unique differences from the previous ones we've seen. Firstly, there is an additional entry price for the very same Bearish Shark Pattern. This makes it even more appealing to consider shorting. Secondly, the completion of this pattern is happening on the 1hourly chart, which means the movement could be more volatile. In light of this, I have set my initial stop-loss to a further level at 14927.90 as I am aiming for a bigger target. I would love to hear your thoughts on this development. Do you think this is a good opportunity for us to short Nasdaq once more? Please feel free to share your thoughts in the comments section. Follow my only account @raynlim
SKILLING:US100Short
by RaynLim
7
NATGASUSD Is About to Start Outperforming WTICOUSDWTICOUSD has developed a Diamond Top pAttern at the HOP level of a Bearish Shark and has given Bearish PPO Confirmnation Arrow at this level. Along with that, the PPO has broken below trend and may now look to crash lower. If we are to take all these indications into account, we can safely assume that WTICO is about to Bearishly break down from the Diamond it's formed against NATGAS. This could mean a few things, but mainly it means that either Natural Gas is about to start going up a lot or WTICO is about to start going down a lot, or maybe a combination of the two. In anticipation of this, I will primarily be buying Natural Gas Related Assets and Selling Oil Related Assets.
OANDA:WTICOUSDShort
by RizeSenpai
Sideways Market Opportunity!🌟 Weekly Chart: - Consolidation since March 2022. - Patient trading can earn you 609 pips. - Ideal for traders looking for longer-term gains. 📊 Daily Chart: - Consolidation within the zone. - Trading within this zone brings 104 pips. - Great potential for 1-2 weeks of trading. 💡 Trading Opportunities: - Weekly chart: Bearish shark pattern in play. - Daily chart: Bearish crab pattern and more. - Four-hour chart: Butterfly pattern and gartley pattern. 💰 Profit Potential: - Weekly chart: First target 397 pips (~$3,970 USD). - Daily chart: Running profits of 158 pips (~$1,580 USD). ⚠️ Trading Strategy: - Set alerts on lower prices for early decisions. - Wait for confirmation, like double tops with RSI divergence.
by RaynLim