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Shark

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!
Long
by RaynLim
RSI Divergence and Bearish Shark Pattern Combo TradeToday, let's delve into an intriguing setup on GBPJPY that combines a Weekly Chart RSI Divergence with a 1-hourly Bearish Shark Pattern: 1. Weekly Chart RSI Divergence: - Observe the RSI Divergence on the Weekly Chart, signaling a potential weakening of the bullish trend. - This divergence might serve as a precursor to a reversal or retracement. 2. 1-hourly Bearish Shark Pattern at 190.72: - Look for a shorting opportunity as the Bearish Shark Pattern completes at 190.72 on the 1-hourly chart. - Engaging in a short position aligns with the potential bearish sentiment suggested by the RSI Divergence. This combo trade approach involves using higher timeframes for trend analysis (Weekly RSI Divergence) and pinpointing a precise entry with a harmonic pattern on a lower timeframe (1-hourly Bearish Shark). Feel free to share your thoughts and trade plans for GBPJPY in the comments below. For a visual representation, refer to the chart link provided.
Short
by RaynLim
Bullish 5-0 vs. Type2 Bearish Shark PatternIf you're navigating conflicting biases, here are two potential setups: 1. Bullish 5-0 Pattern at 149.96: Long Opportunity - Engage in a long position based on the completion of the Bullish 5-0 pattern at 149.96. - This pattern signals a bullish bias, providing an opportunity for traders expecting an upward move. 2. Type2 Bearish Shark Pattern at 150.67: Shorting Opportunity - Consider a short position if the Type2 Bearish Shark Pattern completes at 150.67. - This approach factors in the possibility of Fed rate cuts in June, potentially influencing a bearish move. As a trader, it's essential to weigh the conflicting signals and align your strategy with your overarching market outlook. Feel free to share your preferences and insights on these setups.
Long
by RaynLim
Science of Trading ApproachToday, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy: 1. 1-Hourly Chart: Shark Patterns at 1.2676 - Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart. - Look for a trading combo within the chart when the market retests the Trendline Break (red line). - Ensure the market doesn't violate the trendline during this process. 2. 4-Hourly Chart: Bearish Gartley Pattern at 1.2725 - The ideal scenario is for the Bearish Gartley Pattern to complete at 1.2725 on the 4-hourly chart. - Aim for completion before Monday, March 4, 2024, by 5 pm. Patterns completing after this time are considered disqualified. This Science of Trading approach allows for a meticulous analysis and synchronization of different patterns across multiple timeframes. It provides a well-defined strategy for traders looking to short GBPUSD. Feel free to share your thoughts and insights. Are you considering a similar approach or have different plans for GBPUSD? For a visual representation, please refer to the chart link in the TradingView post.
Short
by RaynLim
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.
Long
by RaynLim
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
Long
by ZEUS_Market_Alerts
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?
Long
by RaynLim
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.
Long
by RaynLim
1
EURUSD Trading Plan: Bearish Shark Pattern RetestIn our EURUSD analysis, we are identifying a potential shorting opportunity for counter-trend traders. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Levels: - Retest Level 1: 1.0852 - Retest Level 2: 1.0874 The Weekly Chart suggests a weaker bull trading setup, and on the 4-hourly chart, a bearish trend is noticeable. The Bearish Shark Pattern on the 1-hourly chart provides a counter-trend trading opportunity. Feel free to share your thoughts on which retest level you find more suitable for a shorting opportunity.
Short
by RaynLim
NZDJPY Trading Plan: Bearish Shark Pattern RetestIn our NZDJPY analysis, we are observing a potential shorting opportunity on the 1-hourly chart. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Level: - Entry Point: Bearish Shark Pattern Retest at 92.07 The Daily Chart reveals a Bearish Gartley Pattern at X with RSI Divergence, suggesting a potential bearish move. On the 1-hourly chart, the Bearish Shark Pattern provides an additional layer of confirmation for a shorting opportunity. Feel free to share your insights, and let's navigate this market together.
Short
by RaynLim
EURUSD Trading Plan: Bearish Shark Pattern on 4-Hourly ChartLet's delve into the EURUSD trading plan for the upcoming period. The weekly chart suggests a weaker bull trading setup, signalling a bullish trend with some weakening. However, the four-hour chart paints a different picture, displaying a bearish trend. Here's the comprehensive trading plan: 1. Weekly Chart: Indicates a weaker bull trend. 2. 4-Hour Chart: A Bearish Shark Pattern is anticipated to complete within the sell zone at 1.0874, presenting a potential shorting opportunity. Given the bearish trend identified on the four-hour chart, the focus will be on the Bearish Shark Pattern for a potential short trade. Share your thoughts and insights on this trade plan!
Short
by RaynLim
GBPAUD: Pushing into the PCZ of a Bearish SharkGBPAUD is pushing above the range resistance and into the PCZ of a Bearish Shark with elevated volumes, at the same time there is a Bearish Gartley formed on the RSI and the RSI is setting up to breakdown while in the overextended zone. I think we will likely see the AUD take back dominance for a few months in many of its pairs, particularly in the GBPAUD and AUDUSD pairs. It is possible that the GBPAUD pushes above 1.95 for a short amount of time, I will likely continue shorting into 1.955
Short
by RizeSenpai
BCH is going up regardless BTC. Another 100% profit.BCH is strong and is rising, while BTC is currently down. Why is that? If we take a look at the price action, we can see that it very much differs from the BTC price action in many ways. We have had a range that broke up, and the price is currently almost at the previous major swing high from June 2023. My Elliott Wave count suggests that we should see a huge pump soon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! I am not a huge fan of BCH, but there are some facts. Why BCH? Bitcoin Cash was considered by some supporters to be the legitimate continuation of Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash. From a technical perspective, Bitcoin Cash is similar to the Bitcoin algorithm. Namely: both projects have a hard cap of 21 million coins and also use Proof-of-Work (PoW) consensus framework and nodes to verify transactions. Unlike Bitcoin (BTC), Bitcoin Cash aims to scale to meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network. As of 2023, Bitcoin Cash has a block size of 32MB, compared to Bitcoin’s block size of 1MB. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
4