Get started

Sharkpatterns

Golden Buying OpportunityTrading Gold and Oil. As you know, I typically trade these products on a longer-term perspective due to their volatility compared to the FX market. Recently, I have noticed a Bullish Shark Pattern confirmation on gold, which presents two potential approaches. Option 1 would be to engage the trade immediately if there is a retest at $1,819.37. This is because the Shark Pattern has completed, and a retest could be an excellent opportunity to enter the market. Option 2 would be to wait for a retest on the support level of the 1hourly chart at $1,814.97, as long as the market doesn't close below $1,810.12. Alternatively, if you are interested in shorting opportunities, the sell zone on the 4-hourly chart could be an opportunity for you. Which option do you think would be the best approach?
FX_IDC:XAUUSDLong
by RaynLim
Potential Buying OpportunityAs you may know, AUDCAD is currently on a Bearish Trend, which means that buying at this pair is a counter-trend move. However, I wanted to let you know that the Bullish Shark Pattern has been completed on the Weekly Chart with an RSI Divergence. There are two ways to engage with this pattern. The first is the Bullish Gartley Pattern, which has warning signs that it is completing on the 4-hourly chart at 0.8603. The second is completing on the 1-hourly chart at 0.8650. Given these options, which one would you prefer to choose? Let me know your thoughts and we can discuss further.
Long
by RaynLim
Navigating the Bullish TrendBased on the Weekly Chart, GBPUSD is on a Bullish Trend, but that doesn't mean we can't look for a shorting opportunity. I've been eyeing the Upsize Trade, which is perfect if you love to extend targets. Recently, the Bearish Bat Pattern has been confirmed on the 1-hourly chart. I'm waiting for the market retest back to 1.2245 for a shorting opportunity. If things go well, I might stretch my final target to the Bullish Shark Pattern completion on the Daily Chart at 1.1937. Just wanted to keep you in the loop. Let me know if you have any questions or concerns.
Short
by RaynLim
A Balanced Trading OpportunityEURUSD has a last level of support on the Weekly Chart at 1.0544, and closing below 1.0446 would violate the Bullish Trend. If we're looking for a buying opportunity, the 1hourly chart support level at 1.0558 could be a good fit. Alternatively, we could wait for the market to sit on the Trendline before heading in for a buying opportunity. On the other hand, if we're looking to short, we could either sell the market at the Key Resistance Level on the 4-hourly chart at 1.0631 or a Bearish Shark Pattern completion at 1.0722. Personally, I'm more inclined to look for a buying opportunity. What do you think? Let me know if you have any questions or concerns. I look forward to hearing your thoughts.
Long
by RaynLim
This is the kind of Trading Setup that I go Aggressive!The Bullish Shark Pattern is yet to be confirmed, but it went lower than PRZ, which is seen as a warning sign for most. However, I see it as an opportunity that I don't want to miss out on. Here are some key points that I wanted to highlight: - The Terminal Bar produced a long shadow that provided Cover Support, which means that the level is not broken. - On the 1-hourly chart, we can see RSI divergence. - There's a sideway bounce setup on the 4-hourly chart, which can be attributed to a combo trade. As you know, I'm a nurtured conservative trader, but once I see an opportunity like this, I turn into an aggressive trader. So, I'm quite excited about this. What's your take on this?
Long
by RaynLim
A Promising Trading StrategyThe star trade of the week. I'm currently waiting for a shorting opportunity on the bearish shark pattern off the weekly chart. Trading off the weekly chart directly would send my initial risk through the roof. While we could always reduce our trading size when trading off the higher timeframe, it doesn't make sense to me. I'll be waiting for a bearish 5-0 pattern to complete at 110.56. My initial stop-loss is at 110.96, which is approximate -40pips or -400USD/lot. My first target is at 109.96, which is approximately 1,000USD/lot. However, there's also a bullish shark pattern that has completed at 109.96, so there's no reason why you can't engage on that as well. Remember, it's important to plan your trade and trade your plan. Never follow any trader blindly.
Short
by RaynLim
Beware of Shorting OpportunitiesAs we continue to analyze the market, it's become clear that avoiding bad trades is just as important as finding the next big one. This is particularly true when looking at the bottom 2 charts of NZDJPY's daily and weekly charts. On the daily chart, we can see that the Bearish Deep Gartley Pattern is over-extended, meaning it took longer than expected to complete the trading setup. As a result, the market may not respect the level and could bash through the resistance level. On the weekly chart, we also see that the Bearish Shark Pattern retest, doesn't give us an RSI divergence. Once again, the market may extend further before any significant retest. Despite all of this, if you're still interested in shorting the market, do it with caution. On the 4-hourly chart, waiting for the market to retest at the 90.03 level could attract price-action traders to jump in for the counter-trend move. Personally, I prefer to head in for a buying opportunity at the key support level of 89.05. My initial stop-loss would be at 88.67 (-38 pips) or approximately -380USD/lot. The first target is seen at 90.08 (+103pips) or approximately 1,030USD/lot. Remember, it's important to plan your own trade and never follow any trader blindly. Let's continue to monitor the market closely and make informed decisions.
Long
by RaynLim
Short NASDAQ once more!I wanted to share my thoughts on the latest shorting opportunity I've spotted on Nasdaq. It appears to be a Bearish Shark Pattern, with some unique differences from the previous ones we've seen. Firstly, there is an additional entry price for the very same Bearish Shark Pattern. This makes it even more appealing to consider shorting. Secondly, the completion of this pattern is happening on the 1hourly chart, which means the movement could be more volatile. In light of this, I have set my initial stop-loss to a further level at 14927.90 as I am aiming for a bigger target. I would love to hear your thoughts on this development. Do you think this is a good opportunity for us to short Nasdaq once more? Please feel free to share your thoughts in the comments section. Follow my only account @raynlim
UShort
by RaynLim
7
Bullish Momentum in Focus!Trading on the Euro Yen has been on a bullish trend, with some market consolidation due to the over-extended movement. To take advantage of this trend, we recommend buying at support and selling at resistance, which can potentially produce a profit potential of 170pips on the 4-hourly chart. On the daily chart, we have just broken the very aggressive and trending bullish trend line, but there are other trend lines that can offer a buying opportunity. However, we suggest waiting for a selling opportunity at 158.49 and a buying opportunity at 156.79 on the 4-hour chart, where there is a precise entry point for a bullish run. With an initial stop-loss at 156.33 and the first target at 157.35, this trade can be engaged on the 1-hourly chart at 156.82. It is important to note that this is not trading advice, and investors should do their own analysis and not follow blindly.
Long
by RaynLim
Navigating Counter-Trend Waters: AUDUSD InsightsThe AUDUSD's prolonged bearish journey has sparked interest among traders seeking a potential rebound. However, it's vital to remember that market dynamics don't always adhere to expectations. For those exploring counter-trend opportunities, the presence of an over-extended Bullish Shark Pattern accompanied by a Bullish Trendline forms an intriguing combination. Exercise caution and await confirmation before entering the trade. Keep in mind, once the candle breaches the Bullish Trendline, this setup loses its validity. 📊🔄
Long
by RaynLim
1
Bearish Momentum Continues!📉 Monthly Chart: - Support at 0.6160, but no end to bearish trend. - Consider countertrend moves carefully. 📉 Weekly Chart: - Market near resistance, but don't miss the bigger picture. - Be cautious with countertrend trades. 📉 Daily Chart: - Strong bearish movement. - Market shows weakness at previous resistance. 📉 Four-Hour & One-Hour Charts: - Potential countertrend opportunities, but be cautious. - Look for confirmation before engaging in trades. 💡 Trading Strategies: - Weekly chart: Gartley pattern at 0.6173 for patient buyers. - Daily chart: Bullish crab pattern at 0.6191 for buying opportunity. - One-hour chart: Counter trend buying opportunity around 0.6400 if market breaks lower.
Long
by RaynLim
Sideways Market Opportunity!🌟 Weekly Chart: - Consolidation since March 2022. - Patient trading can earn you 609 pips. - Ideal for traders looking for longer-term gains. 📊 Daily Chart: - Consolidation within the zone. - Trading within this zone brings 104 pips. - Great potential for 1-2 weeks of trading. 💡 Trading Opportunities: - Weekly chart: Bearish shark pattern in play. - Daily chart: Bearish crab pattern and more. - Four-hour chart: Butterfly pattern and gartley pattern. 💰 Profit Potential: - Weekly chart: First target 397 pips (~$3,970 USD). - Daily chart: Running profits of 158 pips (~$1,580 USD). ⚠️ Trading Strategy: - Set alerts on lower prices for early decisions. - Wait for confirmation, like double tops with RSI divergence.
by RaynLim
Macro Bullish BAT, SHARK, and Deep CrabAn extreme speculation outlook on where support may come in for BTC. BAT, SHARK, and Deep Crab all lining up at the 88.6 of the macro fib. The C point is purely up in the air where that could end up, but this must pump up to make a lower high at C to come all the way back to 21k for the full completion to D. Multiple patterns are lining up with this price target. Not to mention a higher low to be put in. From there, this could even go lower, creating another Deep Crab at 12k for the Full .886 of the bull run Shark.
COINBASE:BTCUSDLong
by Jetki
Long-Haul Profits vs In-and-Out Action!Are you the kind of trader who savors holding on for massive profits or one who dives into every market movement? 🚀 Let's explore this week's expert-level market analysis, where we have both these trading setups on display. Today, let's delve into the low-risk, high-return approach. Turning our focus to the Australia-Canada pair, the weekly chart presents a compelling opportunity. Market proximity to the prior support zone ignites the interest of counter-trend traders like me, on the hunt for a buying chance. On the daily chart, the bearish trend nudges us toward a low-risk, high-potential return strategy. Zooming in to the four-hour chart, the bearish trend remains. However, the one-hour chart buckles the trend with a bullish flair. Remember, higher timeframes may suggest bearishness, but it's crucial for the one-hour chart to echo this sentiment for a more accurate read. 🔍📊 Returning to the weekly chart, let's uncover the trade opportunity I'm eyeing. Behold the bullish shark pattern in the midst of consolidation – a tempting mid to long-term prospect. This trade usually lingers for a minimum of two months, so if you're not up for the long-haul, perhaps it's not your match. Options to engage abound. On the daily chart, a beckoning ABCD pattern, ripe for the picking with a retest at 86.60. Shifting to the four-hour chart, a straightforward support at 87.07 shines. Meanwhile, the one-hour chart offers up a bullish shark at 86.34 or an immediate support at 86.95 for consideration. Yet my focus remains on the 15-minute chart, where a bullish shark nears completion at 87.01. What makes this the "only shark pattern" for this setup? Understanding your tools is crucial. Embracing the 15-minute chart strategy minimizes risk while amplifying the potential for this entire setup. Next week is critical – especially on Monday. And if you've heard the advice to "skip Monday trading," consider this your golden exception! Seize the moment! 💰💡
Long
by RaynLim
Trading Opp. Amid Sideways WavesTrading can be exhilarating when setups let you seize chances without wrestling with the broader trend. 🚀 Let's talk New Zealand Yen – a treasure trove of potential this week, regardless of the overarching movement. Gaze upon the weekly chart, and you'll spot the bearish shark pattern, already in motion since 88.24. Kudos if you've joined the ride! I'd ride it to the first target at 84.36, where the 5-0 pattern gifts a buying prospect. Our watchword: Will the market cradle within the blue box? Turning to the daily chart, a bullish bat pattern wraps up at 84.25. And if you had the insight to short on the bearish crab pattern, cheers! Your pockets are now heavier by 212 pips, a cool 2,120 USD. Strolling through the four-hour chart, a gartley pattern is ripe for the picking at 85.56 – a splendid buying occasion. If your sights are set on shorting, that 86.73 resistance line beckons. Zoom into the one-hour chart, and another gartley at 85.92 awaits, accompanied by a bearish shark at 86.82. 🦈📊 But wait, there's more – the 15-minute chart boasts a deep gartley at 86.20. So many opportunities, all within a single currency! A sign that sideways markets birth harmonic patterns, right? But remember, clarity in strategy is key. Decide if you're hitting that first target and running, or holding on for the second despite opposing patterns. And here's the golden rule: either chart your trade in advance or find a mentor deeply immersed in the trading fray.
Long
by RaynLim
A Twist in the Bullish Trend?Despite the prevailing bullish movement on Dollar Yen, a shift in strategy beckons this week. Embark on this journey with me. On the weekly chart, a slight break and closure above the prior high is evident. The magnitude of this "bit" rests upon your filters – will the subtle breach be overlooked? An RSI divergence, however, raises concern. This divergence surfaces as the market forms a matching or higher high, prompting my consideration for a shorting prospect. ⚖️📊 Transitioning to the daily chart, the market once again surges beyond the previous high. While it fails to breach the previous RSI level, the prolonged nature of this movement merits contemplation. Could these statistics indicate a formidable resistance? Food for thought. 🗞️🤔 The four-hour chart illustrates the market's ascent, setting the stage for a potential shorting opportunity upon a retest at 146.40. Zooming in further to the one-hour chart, a structural standpoint reveals potential trading setups. Amidst this, the buzz about the Bank of Japan's potential market intervention simmers. As a prudent trader, I advise cautiousness, keenly observing the hard facts and policy shifts that could impact the Japanese Yen's trajectory and consequently, Dollar Yen. 🏦🌐 For enthusiasts interested in mastering the art of news-driven trading, scan the QR code to enter our community chat. Verification unlocks access to our filtered news, arming you with valuable insights. 💼🌍 Returning to the weekly chart, trading strategies come into play. A bearish bat pattern at 149.29 piques my interest, a setup I've been highlighting for weeks. The daily chart offers parallel setups, including the aforementioned bearish bat pattern and a bearish crab pattern that could emerge around 150.44. The latter's fate rests upon the strength of the Bank of Japan's intervention and policies. 🦀📈 Within the four-hour chart lies a counter-trend opportunity at 147.76, rooted in the ABCD pattern setup. For trend-oriented traders, a potential buying entry hovers at 144.02 upon retest, drawing support from established levels. However, my focal point remains the one-hour chart, spotlighting a potential shorting opportunity through the shark pattern. Should the market reach 146.30, I envision an enticing entry. As the specter of Bank of Japan intervention looms, my exit strategy might involve one week post-intervention for potential profits, grounded in years of market observation and trading experience. ⏰📈
Short
by RaynLim
Strong Bullish WaveEyes on the pound dollar chart reveal a resolute bullish trend. If contemplating a shorting opportunity, meticulous strategy testing and conservative stop-loss management are paramount. 🛑💼 Turning to the weekly chart, a pullback effortlessly rests on prior resistance, indicating the enduring strength of the overarching bullish trend. Daily chart support stands steadfast, with potential traders wary of a head and shoulder formation at 1.2831. However, personal experience dismisses this due to the prevailing robust momentum and familiarity with the pattern after 18 years of trading. 📊 Glancing at the four-hour chart, a consolidative phase presents several trading prospects, soon to be unveiled. On the hourly chart, further confirmation emerges within the consolidation phase, unveiling ample trading opportunities. 🕒 Returning to the weekly chart, analysis and strategies take center stage. Within the buy zone, prospects for buying opportunities flourish. Daily chart showcases a bullish gartley pattern on retest, inviting trading action. The four-hour chart displays a gartley pattern with a retest setup, accompanied by a prolonged consolidation period spanning 68 bars. This scenario prompts a choice between swift engagement or risk-reward patience. ⏳💰 For those aiming for counter-trend maneuvers, a shorting chance beckons at 1.2955 via a bearish shark pattern. Alternatively, a bullish bat pattern on the hourly chart, yet to solidify, offers a preferable entry at 1.2636. Trading transcends mere trend analysis, requiring timeframes, filters, and entry conditions for success. The ultimate goal is profit without undue trade extension.
Long
by RaynLim
Riding the Bullish WaveAmidst the whirlwind of events, the Euro-Dollar chart stands strong with a bullish trajectory. 📈 The weekly chart showcases a series of resolute highs, fortified by untested supports, painting an appealing canvas for potential buying opportunities. 🎨 Zooming into the daily chart, a pivotal support at 1.0834 shelters the bullish sentiment. A breach here could cast shadows on the prevailing optimism. However, the four-hour and one-hour charts echo a touch of bearish undertones, contrasting with the larger bullish narrative. 📉🕒 Within this landscape, the spotlight is on a possible buying chance, defying the bearish signals of the lower timeframes. Back on the weekly chart, attention focuses on 1.1232 as a battlefield for counter-trend short positions. Conversely, trend traders set their sights on 1.0698, a fortress for ultimate pullback aspirations. On the daily chart, anchored on support, a magic candle confirmation beckons before diving into trades. 🛡️🕯️ Shifting gears to the four-hour chart, a bullish bat pattern is poised, brimming with confirmation yet diving deeper. Patient traders await a trend line breach and RSI divergence as signs for opportune action. 🦇📊 The one-hour chart reveals a potential shorting scenario through a bearish shark pattern. The saga unfolds from point C, advocating patience for the sell zone breach, a signal for bearish entry. 🦈
Long
by RaynLim
Immediate Trading Opportunities AwaitDon't let Monday's reputation of slower market movement deceive you! This week, four immediate trading ideas present themselves right at the market's open. Many traders might overlook these due to the common notion that Monday trading is sluggish. Avoid this pitfall by conducting your analysis over the weekend. Stay ahead of the game and seize these trading prospects. Canadian Dollar vs. Japanese Yen Turning to the Canada Yen pair, the weekly chart shows a retest of the previous high, indicating a predominantly bullish movement. The daily chart solidifies this bullish trend. Counter-trend traders can explore pullback opportunities to secure good earnings. The four-hour and one-hour charts mirror this setup, offering counter-trend traders a chance to benefit. 🔍 Weekly Chart Insights 🔍 For the Canada Yen pair, a bearish Shark pattern retest presents an opportunity. Counter-trend traders can consider shorting at 108.75, potentially accompanied by RSI divergence. On the daily chart, a shorting opportunity is plausible with a retest at 109.12. 📊 Immediate Focus: Four-Hour Chart 📊 A bearish Bat pattern, already completed, captures my attention on the four-hour chart. This can potentially be shorted right at the market's open, or a bit of patience can be exercised to await an ideal confirmation. An entry point of 107.87 seems fitting if the trade conditions align. Conversely, a buying opportunity might arise with a bullish Bat pattern at 104.67. 🕒 Action-Oriented Monday 🕒 On Monday, my attention will primarily be on the four-hour chart for this trade setup.
Short
by RaynLim
Euro-Dollar vs Pound-Dollar: Why Choose🌐 If I had to choose between Euro-Dollar and Pound-Dollar, I'd trade both! However, let's focus on Pound-Dollar for now. On the weekly chart, it's still on a bullish continuation that started earlier than Euro-Dollar. 💹 Lower Timeframes: On lower timeframes, we have a buy zone and a counter-trend trading opportunity. This gives us various entry points for trading. 📊 Weekly Chart: The buy zone ranges from 1.2593 upwards. Daily Chart: A bullish gartley pattern has already formed, offering an immediate buying opportunity for aggressive traders once the market opens. Remember to set stop-loss, targets, and be aware of warning signs. 📈 Four Hour Chart: Another Gartley pattern suggests waiting for a retest at 1.2669 for a second chance entry opportunity. One Hour Chart: A head and shoulder formation indicates a possible pullback before engaging in a bullish shark pattern at 1.2697. 🎯 When trading, keep an eye on the 1.2700 level. A strong bullish run might occur, or if it breaks below 1.2700, a bearish movement could ensue due to stops placed beneath the buy zone. 💼 If you're intrigued by this type of analysis, have fixed rules, and know which direction to focus on...
Long
by RaynLim