Sharkpatterns
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.
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.
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.
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.
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.
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!
Awaiting Confirmation for Shorting Opportunity Traders,Despite a strong bullish candle, the presence of a Bearish Shark Pattern retest on USDJPY is intriguing.
However, the trader advocates waiting for further confirmation to engage in a shorting opportunity on USDJPY, treating it as a retracement trade.
What's your take on the potential trade for USDJPY?
NPF shark pattern Bearish #eurusd DONT TRADE NEWS BUT LOOK AT ITHONESTLY
WOW!!!! THIS IS THE REASON WHY I DON'T TOUCH NEWS... i trust my analysis but its usually a 50% odd that a trade will go in my favour with high impact news lol
Still this eurusd trade would have been sweet, if i had the balls to trade news lol
Missed Idea shark pattern AUDJPY short setupThe same applies every time I look for entries with that shark pattern, I first look for an ABC PATTERN. Then set the fib tool to identify pull backs.. sit and wait for the market to give me a signal and take the trade.
I've passed funded accounts with this method and still doing it. i usually aim for a 1:2 or 1:8 RR it really depends
Combo Trade Strategy for Potential Head and ShouldersThe USDJPY's Weekly chart is showing signs of a potential Head and Shoulders formation.
While engaging directly on the weekly chart might be considered risky, what if we use a Combo Trade Management strategy?
There's a Bearish Shark Pattern on the Daily chart, and we might witness a formation of a
Bearish Deep Gartley Pattern on the 1-hourly chart, providing a counter-trend trading opportunity.
Which of these trading opportunities do you prefer? Share your thoughts!
Sideways Movement with Trade OpportunitiesEURUSD is exhibiting a sideways movement on the weekly chart.
Here are two potential trade opportunities:
1. Buying Opportunity:
- Wait for a retest of support at 1.0847 for a potential buying opportunity.
2. Shorting Opportunity:
- Look for a shorting opportunity on the Bearish Shark Pattern at 1.0893.
What's your preferred trade plan for EURUSD?
Harmonics don't work...Here's how I find my set ups I thought I'd share with you guys the process I use to find my shark setups, this is a strategy I've back-tested and tested several times. I must say textbook harmonic talk poop, the values I use work but the set-up I see written for the shark uses different values. I noted this and thought about it for a minute - then I said so can I break the rules or amend it, because what I see is making sense but following the book is frustrating me lol...
I mean it got through to me through multiple accounts including personal and funded accounts - (side note I'm not rich) hopefully this helps to to understand how I spot moves.
As long as you journal then you have a chapter to start from and that 1!!!!!
Missed Trade on Shark EURJPY no pressure theres always moves!So based on my last theory I got clipped, there was a lot of news combined with heavy consolidations within price. For me that's a no-go to trade, I saw this set-up and thought mehn! but it's okay.
A Strong confluence to confirm is the reversal wedge pattern in the (D ZONE) between 2.00 and 2.618 amongst price action.
Confluence of Bearish PatternsCADJPY is displaying a confluence of bearish patterns:
1. Weekly Bearish Shark Pattern:
- Retest in progress.
2. Daily Type2 Bearish Gartley Pattern:
- Completion aligns with the Bearish Shark on the weekly.
The trader plans to wait for a confirming candle on the daily chart near the level of 110.37.
Share your insights and trade plans for CADJPY!
Potential Head and Shoulders & Early Trading OpportunitiesUSDJPY is showing promise with a potential Head and Shoulders pattern on the Weekly Chart. Here's the game plan:
1. Awaiting Bearish Shark Pattern Confirmation on Daily Chart:
- Patient approach for a comprehensive setup.
2. Early Trading Opportunities on 15-Minutes Chart:
- Spotted Bearish Bat and Bearish Gartley Patterns.
- Potential for quicker engagements on shorter timeframes.
Stay vigilant and let's discuss your insights on this evolving USDJPY scenario!