BTC LONG 20.1k -> 21.5kI'm seeing a lot of 0.5 / 0.886 symmetry in this market currently. I will be buying 20.1k with a target of the 0.886 retracement 21.5k and then opening a short to TP around the 20.1k level again.
From there, we will see. But essentially, price is VERY likely to hold 20k for a while, with probably only a quick break below for liquidity until the mid 22's.
Of course, this is all a scam, but I think we will see up movements for the next 1-3 weeks.
Harmonicshark
Short term bullish reversal - JNPRLet's understand multi timeframe analysis for NYSE:JNPR .
Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone).
Weekly TF -
Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence.
Daily TF -
Price re-tested a strong demand zone in Daily timeframe as well. RSI is showing bullish divergence.
45 minutes TF -
Price re-tested a strong demand zone in 45 minutes timeframe as well. RSI is showing bullish divergence. Price is making ascending triangle structure.
Above confluences suggest that price is due for a short term reversal. Long position can be taken upon breakout above triangle resistance or upon re-test after breakout.
ETHEREUM BULLISH SHARKEth reacted around the 88% retrace of this bullish shark, since then its risen around 10%. Not many indicators show bullish signs so I wouldn't take up a position around here. I got in at 2940 with 20x and will look to add if we fall to around 3130, a break and confirmation of 3000 would make me close my position. Initial target is 3500 however I only plan on taking profits if we show weakness, otherwise I'm long until ath.
USDJPY-Weekly Market Analysis-May19,Wk3A bullish shark pattern has formed up as a counter-trend trading opportunity.
I have personally engaged the trade and look at the wick of the candle, almost took off my stops and right now the trade is back on my entry price.
I will be watching closely with no plans of intervein this trade as I am also a rule-based trader.
Let see how this trade roll out. Like this post, if you love transparent analysis with no fluff and share it with your friends.
AUDCHF Multi Harmonic Pattern Analysis and StrategyWe see the formation of 2 harmonic shark patterns, big (blue) and small (pink). This signaled us to buy trading the 4th leg of the shark patterns. The small one completes @ 0.7109, which is our target and where we will close our position in profit. OANDA:AUDCHF
GBP INDEX Shark Pattern Analysis and StrategyWe are trading 4th leg of the predicted shark pattern. We are looking for price action to break the yellow trend line which will take us to out targets on the 1st and 2nd green zones, which will complete the pattern as well. NASDAQ:GBP
EURGBP Harmonic Shark Pattern Analysis ans Strategy We see the completion of the shark pattern on the 4 hr chart which signaled us to buy the pair. The position is further validated but bouncing off a major support zone. Our take profits are set at the green major and minor resistance zones. OANDA:EURGBP