Shark
CADJPY - Bullish SharkBefore I talk about the Bullish Shark, I like to talk about the Bearish Shark Pattern(check out the related ideas posted within TradingView). That trade's target one has been attained{90.44} a total of 192pips captured, and its first target provides a 2.74 reward: risk ratio.
The market has to break and close below 89.81 will significantly increase the odds of the 2nd target being hit.
I will be shifting target2 further to 88.80, giving a 4:1 ratio to its risk profit.
If you have not engaged in the trade, do not chase the market.
I will then reverse the trade by counter-trend trading it as I engage the Bullish Shark setup.
USDJPY-Weekly Market Analysis-Mar22,Wk2On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the TradingView post)
There is a possibility to earn the 103pips movement by reversing the trade. I will wait for a double bottom with RSI Divergence on the 1-hourly chart before engaging the trade.
Any idea why that is important?
Comment down below.
1 Hour Bullish Shark Entry on ALGOWe have some Bullish Divergence on the RSI and will likely Develop some on the MACD i already entered at lower prices from the bigger more MACRO setup i posted for ALGO but this looks to be a good secondary entry that could perhaps even take us above the hourly targets and into the weekly targets.
WINkLink (WIN) formed big bullish Shark for upto 209% pumpHi dear friends, hope you are well and welcome to the new trade setup of WINkLink (WIN)
On a weekly time frame chart, WIN has formed a bullish Shark pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
USDJPY - Bearish Shark Type2Could this be the zone that we can play with for a while? Looking for trading opportunities within the zone that was formed by the Bearish Shark Pattern.
And because it is caused by the movement of Shark Pattern, I'm going to call it, Shark Tank... =P
I'll look for shorting opportunity, like Double Top with RSI Divergence or Bearish Harmonic Pattern in the Range Bar Chart.
Bullish Shark at Support Line with MACD Bullish DivergenceFrom the looks of it AXS would like to see one more bounce before it resumes it's Bearish Trend. I suspect close to a 50% Retrace of the Prior Highs before an Ultimate Reversal back to the downside.
For now the trade is Bullish and Profit Taking Targets range from 80 dollars to just over 100 dollars.
USDJPY-Weekly Market Analysis-Mar22,Wk1Congratulation if you have caught the Bearish Deep Gartley Pattern that completed at X, that would have brought you 175pips of profit .
If you have missed that, the USDJPY has a Bearish Shark Pattern completed at 115.75 on the 4hourly chart. It seems that you have just missed the trade, but don't fluster. In most cases, you can expect a retest on the Shark Pattern before it reach its countertrend trading setup, the infamous 5-0pattern.