It could be an Head & Shoulders insteadIt could be an Head & Shoulders instead of a Bullish Shark Pattern.
Let's see.
Bullish Shark
Bullish Shark Pattern on NZDUSD M15 ChartI love trading sideways consolidation breakout trades, but since I missed the initial move, I've been patiently waiting for a retest. Now, an even better opportunity has presented itself!
What's Happening?
- Bullish Shark Pattern : A Bullish Shark Pattern is forming on the M15 (15-minute) chart at 0.6046 on the NZDUSD.
Why is this Exciting?
- Combo Trade Management : This setup allows for a combination of strategies that can significantly reduce initial risk while increasing potential returns.
How to Approach This Trade?
1. Wait for Confirmation : I'll be waiting for a Magic Candle Confirmation at the pattern completion point before entering the trade.
2. Risk Management : Include our stop-loss buffer just below the pattern completion to manage risk effectively.
3. Potential Upside : With the pattern forming and the potential retest, this setup could offer a great risk-to-reward ratio.
Final Thoughts
Sometimes, missing an initial trade isn't a setback but an opportunity to find an even better setup. Patience pays off! 🎯
What’s your take on this NZDUSD setup? Have you spotted similar opportunities? Share your thoughts and let's discuss!
Happy trading, everyone! 🚀
Buying Opportunity on GBPUSDIf you're looking for a buying opportunity on GBPUSD like I am, there’s an exciting setup to keep an eye on.
Current Overview:
4-Hourly Chart:
- There’s a Bullish Shark Pattern nearing completion, which is a great setup for a potential buy.
Buying Opportunity:
Bullish Shark Pattern Completion:
- Key Level: 1.2807
- What to Do: Wait for the Bullish Shark Pattern to complete at 1.2807.
Strategy:
1. Magic Candle Confirmation: This is crucial! Wait for the Magic Candle Confirmation at 1.2807 before entering a long position. It increases the chances of a successful trade.
2. Stop-Loss: Include our stop-loss buffer just below the pattern completion level to manage risk.
Final Thoughts:
Trading the Bullish Shark Pattern can be highly rewarding if executed properly. Stay patient and wait for the confirmation before jumping in.
Are you planning to trade GBPUSD? Do you have any additional insights or strategies? Share your thoughts and strategies below!
Happy trading, everyone! 🚀
Buying Opportunities on EURUSDHere’s an exciting update on EURUSD, which has just broken out of consolidation on the weekly chart. Let’s explore the buying opportunities available.
Weekly Chart:
EURUSD has broken and closed above the consolidation, signaling a potential upward trend.
Buying Opportunities on the 4-Hourly Chart:
1. Support Level:
- Key Level: 1.0843
- What to Do: Look for a buying opportunity at this support level.
2. Bullish Shark Pattern:
- Pattern Completion Level: 1.0820
- What to Do: Wait for the Bullish Shark Pattern to complete at 1.0820 for another buying opportunity.
Strategy:
1. Magic Candle Confirmation: Always wait for this confirmation before entering the trade. It ensures a higher probability of success.
2. Stop-Loss: Place your stop-loss just below the entry level after our buffer to manage risk.
Final Thoughts:
This breakout on the weekly chart offers promising buying opportunities. Remember to stay patient and wait for the Magic Candle Confirmation before entering your trades.
What’s your plan for EURUSD? Are you looking at the support level or the Bullish Shark Pattern? Share your thoughts and strategies below!
Happy trading, everyone! 🚀
GBPUSD Breakout and Bullish Shark Pattern!I hope you’re all doing well and staying sharp in the markets. I wanted to share an interesting setup I’ve been eyeing on GBPUSD that could be a great opportunity for both new and experienced traders alike.
What’s Happening?
- Weekly Chart:
- GBPUSD has finally broken out from its sideways consolidation, which is super exciting! This breakout could mean we’re in for some upward action.
The Plan:
On the 1-hourly chart, I’ve spotted a Bullish Shark Pattern. This pattern is a fantastic tool for identifying potential buying opportunities.
- Key Level: 1.2873
- What to Do: I’m waiting for a “Magic Candle Confirmation” at this level. This confirmation will give me the green light to enter a long position.
Why This Setup is Cool:
- Breakout: The breakout on the weekly chart signals a possible trend change, which is a big deal!
- Bullish Shark Pattern: This pattern helps us pinpoint a precise entry, making our trading plan more reliable.
How to Trade It:
1. Wait for Confirmation: Don’t rush! Wait for the Magic Candle to form at 1.2873.
2. Set Your Stop-Loss: Place it just below the pattern completion level to manage risk.
Final Thoughts:
Trading can be tricky, but by using patterns and waiting for confirmations, we can make more informed decisions. Keep learning and stay patient. Good things come to those who wait (and plan well)!
What do you think about this setup? Do you have any insights or questions? Drop a comment below and let’s discuss!
Happy trading, everyone! 🚀
Long Opportunities on EURUSDIf you are looking to long EURUSD just like me, the 4-hourly chart presents a promising Bullish Shark buying opportunity. Here's how we can approach it:
Bullish Shark Pattern:
- Pattern Completion Level: 1.0820
- Strategy: Wait for a Magic Candle Confirmation at 1.0820 before entering a long position.
- Stop-Loss: Place a stop-loss just below the pattern completion level.
Support and Resistance Level:
- Support Level: 1.0864
- Strategy: Look for a buying opportunity at this support level.
- Stop-Loss: Place a stop-loss just below the support.
- Target: Target 1 at Previous High.
Key Points:
- Bullish Shark Pattern: Provides a technical setup for a long position with a specific entry and confirmation point.
- Support and Resistance: Offers a simpler approach for traders looking for straightforward support and resistance trades.
- Risk Management: Ensure proper stop-loss placement to manage risk effectively.
- Confirmation: Always wait for the Magic Candle Confirmation before entering trades based on the Bullish Shark pattern.
These setups provide clear entry and exit points for long positions on EURUSD.
What’s your take on these strategies? Do you have other approaches that work for you?
Share your thoughts and strategies below!
Classic Support and Resistance with Harmonic Pattern on USDCADUSDCAD has a classic support and resistance line on the 1-hourly chart. Here are two approaches depending on your trading style.
Classic Support and Resistance Levels:
Shorting Opportunity:
- Resistance Level: 1.3691
- Strategy: Look for a shorting opportunity at this resistance level.
- Stop-Loss: Place a stop-loss just above the resistance.
- Target: Aim for the support level at 1.3641 or below.
Buying Opportunity:
- Support Level: 1.3641
- Strategy: Look for a buying opportunity at this support level.
- Stop-Loss: Place a stop-loss just below the support.
- Target: Aim for the resistance level at 1.3691 or higher.
Harmonic Pattern:
- Bullish Shark Pattern:
- Completion Price: 1.3637
- Strategy: Wait for the Bullish Shark Pattern to complete at 1.3637.
- Magic Candle Pattern Confirmation: Look for a Magic Candle Pattern confirmation to enter a buying position.
- Stop-Loss: Place a stop-loss just below the Bullish Shark completion level.
- Target: Aim for higher resistance levels based on the pattern projection.
Key Points:
- Classic S&R Levels: Simple and effective strategy using clear support and resistance levels.
- Harmonic Pattern: Adds an additional layer of confirmation for more precise entries.
- Risk Management: Ensure proper stop-loss placement to manage risk effectively.
- Confirmation: Always wait for confirmation signals before entering trades.
Whether you prefer classic support and resistance or harmonic patterns, these setups provide clear entry and exit points. What’s your take on USDCAD? Do you have other strategies that work for you? Share your thoughts and strategies below!
Trading Idea: Counter-Trend Trading Opportunities on EURUSDEURUSD has an overall bearish trend. At this point, many counter-trend traders, including myself, are looking for counter-trend trading opportunities. We've had some luck in this regard.
Analysis:
Daily Chart:
- Bullish Shark Pattern: Confirmation is formed, suggesting potential for a counter-trend move.
4-Hourly Chart:
- Falling Wedge Trading Setup: Provides a setup to go long and take advantage of the bullish pattern on the daily chart.
Strategy:
- Bullish Shark Pattern: Use this confirmation on the daily chart to inform your decision.
- 4-Hourly Chart Long Entry: Look for entry points based on the Falling Wedge setup.
- Entry: On breakout above the wedge.
- Stop-Loss: Below the recent swing low within the wedge.
- Target: Aim for key resistance levels that align with the daily chart's bullish shark pattern projections.
Key Points:
- Counter-Trend Trading: Recognize the overall bearish trend but exploit the temporary bullish setup.
- Pattern Confirmation: Use pattern confirmations on higher timeframes to guide entries on lower timeframes.
- Risk Management: Ensure proper stop-loss placement to manage risk effectively.
What’s your take on EURUSD? Do you see any additional opportunities or setups? Share your thoughts and strategies below!
Windlas biotech will fly more Take entry at 363
Target 451
Next average at 299
Counter will try to catch it's life high then breakout it also.
So first target will be 451 and then if close above 475 then next major target will be 850
Be invested with very good Q 1 result
AUDCAD Analysis: Focus on Bullish Shark PatternIf you're looking at AUDCAD, the 4-hourly chart setup might seem tempting for a buying opportunity. However, I prefer the 1-hourly chart, specifically the Bullish Shark Pattern.
1-Hourly Chart:
- Key Level : Ensure an MCC appears at 0.9041 before entering a buying opportunity.
What's your trade plan for AUDCAD? Comment down below and share your thoughts!
Happy trading!
WHIRLPOOL 1:18+ RR trade set up1. Trend: downtrend to sideways
2. Probable support area for reversal
3. Early entry will give highest reward with least risk
4. Can keep booking partials on the way to reduce risk if downtrend continues after a pull back
GBPUSD Analysis: Trend Continuation TradingTrade Strategy: Trend Continuation
- Key Level (1-hourly chart): Retest at 1.2419
- Additional Setup (4-hourly chart): Bullish Shark Pattern at 1.2141
Analysis:
- Approach: Identifies potential opportunities for trend continuation trading
- Key Level: Looks for a retest at 1.2419 on the 1-hourly chart as an entry point
- Additional Setup: Considers stretching the target to 1.2141, the completion of a Bullish Shark Pattern on the 4-hourly chart
Trade Plan:
- Entry Point (1-hourly chart): Consider entering a short position on a retest at 1.2419
- Upsize Trade Management: Utilize Upsize Trade Management to extend the target to 1.2141
- Risk Management: Implement effective risk management techniques to safeguard trades
Insights:
GBPUSD exhibits potential for trend continuation trading, with a retest at 1.2419 offering an entry point on the 1-hourly chart. Additionally, consideration of stretching the target to 1.2141 aligns with the completion of a Bullish Shark Pattern on the 4-hourly chart. Employ prudent risk management practices to navigate market volatility.
📉📈 Exercise caution and prioritize risk management when trading GBPUSD based on trend continuation setups!
AUDUSD Analysis: Bullish Shark Pattern- Trade Strategy: Bullish Shark Pattern
- Key Level: 0.6454 (Retest Level)
- Challenge: Strong Bearish Movement
Analysis:
- Importance: Highlights the difficulty of trading a Bullish Shark Pattern amid strong bearish pressure
- Technical Analysis: Identifies a Bullish Shark Pattern on the AUDUSD chart
- Challenge: Requires a 3-bar reversal and candlestick confirmation for a viable buying opportunity
Trade Plan:
- Entry: Consider a conservative entry at the retest level of 0.6454
- Confirmation: Wait for a 3-bar reversal and candlestick pattern confirmation before entering
- Risk Management: Implement effective risk management techniques to protect against potential losses
Insights:
Trading the Bullish Shark Pattern on AUDUSD requires caution due to the strong bearish movement. Conservative traders should wait for confirmation signals before entering the market, prioritizing risk management to mitigate potential losses.
📈🦈 Exercise patience and diligence when trading the Bullish Shark Pattern on AUDUSD!
NZDJPY Analysis: Bullish Combo Trade SetupTrade Strategy: Combo Trade (Bullish Deep Gartley + Bullish Shark)
Key Levels:
- Bullish Deep Gartley Pattern: 4-hourly chart
- Bullish Shark Pattern: 1-hourly chart
- Trading Zone: Coincides with Bullish Shark completion
Analysis:
- Importance: Utilizes a combo trade strategy for enhanced risk management and profit potential
- Technical Analysis: Identifies a Bullish Deep Gartley Pattern on the 4-hourly chart and a Bullish Shark Pattern on the 1-hourly chart
- Trade Management: Enables a reduction in stop loss and potential expansion of profit targets
Trade Plan:
- Entry: Consider entering at the confluence of the Bullish Deep Gartley completion and the Bullish Shark completion within the trading zone
- Risk Management: Utilize effective risk management techniques to reduce stop loss and protect profits
- Profit Taking: Extend profit targets based on the combo trade setup and trading zone alignment
Insights:
The Bullish Combo Trade Setup combines two harmonic patterns, providing an opportunity for enhanced risk management and profit potential. Traders can capitalize on the confluence of patterns to optimize their trading strategy.
📈🦈 Keep an eye on NZDJPY for potential bullish movements based on the Bullish Combo Trade Setup!
GBPUSD Analysis: Support and Resistance Trade SetupTrade Strategy: Support and Resistance
Key Levels:
- Support at 1.2435 (1-hourly chart)
- Resistance at 1.2534 (1-hourly chart)
Analysis:
- Importance: Utilizes support and resistance levels for trading opportunities
Trade Plan:
- Buying Opportunity: Look for buy entries near support at 1.2435
- Shorting Opportunity: Consider shorting near resistance at 1.2534
Insights:
GBPUSD presents support and resistance trading opportunities on the 1-hourly chart. Traders can consider buying near support and shorting near resistance levels for potential profits.
📈📉 Stay alert for trading opportunities based on support and resistance levels in GBPUSD!
BOIL: Set for a Potential Bullish Reversal at Bullish Shark PCZNatural Gas on an intra-week basis seems to be in a position to Bullishly Reverse as it sits at the PCZ of a potential Bullish Shark with slight Bullish Divergence near the previous month's low. My target will be anywhere between $16 and $20 though it could always go higher.
Anticipating a Buying Opportunity on Daily ChartEURUSD is catching my attention, and here's my perspective:
1. Bearish Shark Pattern on Daily Chart:
- For traders seeking shorting opportunities, there's a Bearish Shark Pattern on the Daily chart.
- The completion of this pattern might indicate a potential bearish move.
2. Buying Opportunity at 1.0879:
- Personally, I'm eyeing a buying opportunity on EURUSD.
- Despite a flawed Bullish Shark Pattern, I'm looking to enter long at 1.0879.
Share your thoughts and trade plans for EURUSD in the comments below. Let's keep the discussion going!
EURUSD Type2 Bullish Shark Pattern - Two-Trade StrategyI'm pleased to share an update on the EURUSD Type2 Bullish Shark Pattern trade. If you've been following my TradingView post, you might have already profited from the first target, and now we're looking at a potential second target.
Here's the current strategy:
- First Target : Already Profited
- Second Target: Awaiting Fulfillment
In the event of a retracement to 1.0815, I am considering engaging in an additional long position.
This strategy involves a Double Bottom retest trade. Essentially, if the market retraces and reaches 1.0815, I'll enter another long position.
This way, if the market moves in my favor, I'll have two trades in profit. On the flip side, if the market goes against me, I'll have one trade incurring losses.
Feel free to share your thoughts and trade plans for EURUSD. Are you considering a similar two-trade strategy or have other plans in mind?
For a visual representation, please refer to the chart link in the TradingView post.
RUNE ANALYSIS🔮 #RUNE Analysis - Support and Resistance 🚀🚀
💲💲 #RUNE is trading around its major resistance zone and #RUNE is trying to retest the zone. If #RUNE breakout and closes above the resistance zone and sustain the higher price, it will indicate a good bullish move and will achieve the next target easily📈
🔖 Current Price: $5.387
⏳️ Target Price: $6.065
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#RUNE #Cryptocurrency #Support #Resistance #DYOR
Bullish Shark PatternI'm closely monitoring GBPJPY for a potential buying opportunity based on the Bullish Shark Pattern. Here are the details:
- Setup: Bullish Shark Pattern
- Completion Level: 189.06
Given the recent decline in the JPY and the resulting upward movement in JPY pairs, I'm anticipating a bullish scenario on GBPJPY.
The completion of the Bullish Shark Pattern at 189.06 is the level I'm eyeing for a buying opportunity.
Feel free to share your insights and trading plans for GBPJPY. Are you considering a long or short position?
USDJPY Trading Plan: Bullish Shark PatternI'm maintaining my bullish outlook on USDJPY and currently eyeing a potential buying opportunity. Here are the details:
- Setup: Bullish Shark Pattern
- Completion Level: 150.09
It's crucial to note the presence of the Type2 Bearish Fib-3 Bat on USDJPY's Weekly Chart. While it signals caution, my focus is on the bullish scenario with the completion of the Bullish Shark Pattern at 150.09.
Feel free to share your thoughts and trading plans for USDJPY. Are you considering a long or short position?
Check the chart link within the TradingView post for a visual representation.
Asian panits bearish PE2100Asian paints showing weakens
Option trader take PE call in ACC to HH and LL strategy and Target PE2100
For more chart analysis comment me in this post
XRT: Bullish Inverted Head and Shoulders Could Target an 0.886XRT on the hourly has started to form what could be a Bullish head and Shoulders, if it plays out it could result in the XRT making a 0.886 Fibonacci Retrace likely starting before the end of the week. Additionally, the RSI has a Bullish Shark formation which could serve as further confirmation of the low.
