Get started

Sharkpatterns

BTC Expects a Tiny FUDThe pressure of the SEC on Binance and Coinbase was not only badly received in the markets, but also stopped my bull analysis and we had to close the position at a loss. The first thing I saw when I looked at the chart from afar before opening a new position was that Bitcoin was on the eve of creating a second shark pattern. Bitcoin, which repeats the pattern it made in August 2021, can move towards the $18400 target if this upward trend is broken. Even though I see no reason not to make this move when an extraordinary FUD is swirling in the markets and fear prevails, I still keep my positive mindset and will start sharing pessimistic scenarios only if it retests after breaking the resistance. Even if uptrend continues, this risk seems to continue as long as the $30700 level is not exceeded.
INDEX:BTCUSD
by YavuzAkbay
The Oldest Pair I've TradedDo you still remember those unforgettable moments when I first embarked on my trading journey with GBPJPY? It holds a special place in my heart as the very first pair I traded, and I stuck with it through the ups and downs until the spread for GBPJPY skyrocketed to 14 pips for an extended period. Oh, the memories! Presently, GBPJPY finds itself in a captivating sideways movement, offering ample opportunities for those employing the support and resistance trading strategy. It's a perfect scenario for executing the age-old principle of buying low and selling high, or even exploring the realm of harmonic patterns. Personally, I'm eagerly awaiting the completion of a bearish shark pattern at 173.23, signaling a potential shorting opportunity that aligns with my analysis. Alternatively, you can choose to navigate the daily chart's defined zone, indicated by the red resistance line at 172.05 and the blue support line at 167.48. Within this trading range lies an enticing profit potential of 457 pips just waiting to be tapped into. Join me as we delve into the timeless allure of GBPJPY and unleash the vast possibilities it holds for traders like us.
Short
by RaynLim
It's NO SECRET, I'm shorting AdidasIt's no secret that I've been looking to short Adidas for weeks before the Bearish Bat Pattern show up. As a trader, I love to wait for the precise price with candlesticks confirmation before engaging my trade; hence I miss the first opportunity. And that's ok! In trading, I have this philosophy that is better to miss a trade than to engage in a trade at a price of disadvantage. So here I am, trading for the past 18 years. At this moment, I'm waiting for the Bearish Shark Pattern to form up on the 8 range bar chart to give me a second chance entry to get on this ride.
XETR:ADSShort
by RaynLim
Effortless trade execution: seize the opportunity with easeAs a trader, I prefer to search for trades that display a distinct direction on the higher timeframe and then hone in on that direction on the lower timeframe. However, I understand that some traders prefer to jump on opportunities as they arise. This week, the AUDUSD has presented us with such an opportunity, as the Bullish Shark Pattern trading setup has completed at 0.6637. The next step is to wait for a confirmation of a candlestick pattern on the 4-hourly chart before entering the buy position. This approach provides a clear plan and enables us to make informed decisions based on sound trading principles.
Long
by RaynLim
My Bullish Bias RemainsUSDJPY Shorting Opportunity Looming, But My Bullish Bias Remains Strong In the midst of a Type 2 Bearish Bat Pattern on the daily chart and a Bearish Shark Pattern on the 1-hourly chart, traders may be eyeing a shorting opportunity for the USDJPY. However, my bullish bias on this currency pair remains steadfast. Rather than jumping on the bearish bandwagon, I am patiently waiting for a prime buying opportunity on the USDJPY. I'm closely monitoring a Bullish 5-0 pattern that could potentially complete at 134.71, presenting an ideal entry point for a long position. Stay tuned for further updates on this developing trade opportunity.
Long
by RaynLim
Unlocking Profit Potential: Why I'm Holding Out for a Prime BuyiThis week, an opportunity has presented itself for a potential buying position on the GBPUSD pair. Two prominent trading setups - the Bullish Shark Pattern and the AB=CD pattern - have emerged, signalling a potential bullish trend. While I hold a bullish bias due to a previous break and close above resistance on the weekly chart, I exercise caution and wait for confirmation from candlestick patterns before entering the trade. This strategic approach ensures that I make informed and calculated trading decisions.
Short
by RaynLim
Second Chance to ShortTraders who missed out on the previous shorting opportunity may have a second chance at hand with the potential setup of Type2 Bearish Shark and Type2 Bearish Deep Gartley pattern in the market. However, it is important to note that one of the downsides of Type2 setup is its unpredictability, and it may not always work. To mitigate the risk, it is crucial to exercise patience and wait for a candlestick pattern confirmation before engaging in the trade. Rushing into the market aggressively without proper confirmation could lead to unwanted consequences.
Short
by RaynLim
Swim with the Bulls: Capitalize on the Bullish Shark Pattern forAre you on the hunt for a buying opportunity on the GBPUSD pair? Well, look no further! The bullish shark pattern may just be the key to unlock your trading success. At the potential buying opportunity completion level of 1.2338, all that's needed is a 3-bar reversal for the final confirmation, making it a prime time to take advantage of this bullish market trend. Don't miss out on this opportunity to enter the market and potentially reap the rewards. Keep a close eye on the GBPUSD pair and the bullish shark pattern to stay ahead of the game.
Long
by RaynLim
EURO-DOLLAR, Counter-Trend Opp.EURO-DOLLAR has a Counter-Trend Trading Opportunity(left). Traders looking for a counter-trend trading opportunity could wait for the market to retest to 1.0975 for a shorting opportunity. This is possible not because of the Bearish Shark Pattern Trading Opportunity, but a retest of resistance on the Weekly Chart. If this is not for you, then perhaps the Bullish Bat(red)(right) or the Bullish Shark(right) gives you, a trend trader, an opportunity to engage. So, what is what? If you have that question, focus on 1 and not engage on both.
Short
by RaynLim
Unique Combo Trade!Probably a trade that has a 20:1 Reward: Risk trading setup. On the 1-hourly chart, we have a Bullish Gartley Pattern that comes inline with our 4-hourly chart, the Bullish Shark Pattern retest and on the Weekly Chart, the Bullish 5-0 Patterns. If I stretch the final target to the Weekly Chart completion, the returns would be stunning, but this trade could take up to 2 months or a month. Furthermore, we might have more stop-out then hitting the target in 1 U-Turn, so it is NOT a trade for traders who won't afford to have their trade stop out multiple times and still looking for buying opportunities. If you are thinking of risking more than you usually do; or you plan to follow the trade blindly; or even worst, not putting your stop-loss, this is not the trade for you. As a full-time trader, I've been very patient to look for the trade that suits my profile and the trade I'm planning. I couldn't stress any more by saying trading is more like a business than a job. It is not the number of deals you do, but the 1 you chose to take and the 1 you chose not to participate.
Long
by RaynLim
368pips x2 profit potentialIt depends if you are looking for a buying or selling opportunity on the EURJPY. Traders who are looking for shorting opportunities could wait for a Bearish Shark Pattern retest at 145.31. If you are looking for a buying opportunity, the Bullish Gartley Pattern on the Trendline that completes at around 141.63for a buying. If you have no issues trading both ends, you wait for the confirmation to happen before engaging the trade that will bring 368pips of potential profits trading on both sides.
by RaynLim
At Least 200pips of Profit PotentialThe Bullish Shark Pattern(right) has not reached its final target level. Trend Traders could wait for a buying opportunity off the 4-hourly chart(left), support level at 1.0748. Should the Candlestick Pattern break and close below it, I'll be waiting for Bullish Bat Patterns that completes at 1.0562. And because the Point C of the Bullish Bat Pattern touches Point A, it became a warning sign, I'll need to wait for a Candlestick Pattern confirmation at the PRZ(box) before engaging on the trade.
Long
by RaynLim