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Sharkpatterns

A 213pips of Profits PotentialOn the right is the Bullish Shark Pattern that has been identified since the week before(related idea is within this TradingView post). On the left is one of my favourite trading setup, the Sideway Bounce trading opportunity. Trading from end to end gives 213pips(2,130usd/lot) of profits potential. The market has to touch 1.0745 to complete the Sideway Bounce trading setup, but a retest to 1.0532 would be good enough to engage it as a combo trade and ride on the Bullish Shark Pattern on the higher timeframe as a combo trade.
Long
by RaynLim
1 Trading Ideas might workThe Bearish Shark Pattern with a HUGE cross might not complete this round; instead of the Shark Patterns, it could form a Bearish Gartley Pattern. Personally, I will have my focus on the Bullish Shark Pattern that is completing at 1.188. I've a Bearish Biasness on the GBPUSD based on the higher timeframe, which means the buying trend would be a means to an end. If the Bullish Shark Pattern does form up, I will be waiting for the Bearish 5-0 Patterns. I know there is a lot of this going, I will be updating my analysis along the way. Feel free to prompt and remind me in the comment segment if I've not done so.
Long
by RaynLim
A buying and shorting opportunityA buying opportunity and shorting opportunity present on the EURUSD trade, which would you take? On the higher timeframe(right), there is a buying opportunity base on the Bullish Shark Pattern that is completing at 1.0519. Although the trade is within the Buy Zone(blue box), a retest at 1.0519 with an RSI Divergence is preferred. On the 4-hourly chart, the Bearish Flag Pattern is on the move. The way I'll trade it is to wait for a retest at 1.0666 with an RSI Divergence. Both setups are trend trading; which trade would interest you?
Long
by RaynLim
2
Its $STM turn to outperformWhenever I find two stocks acting well I always want to buy the best but, how to know this? Both are forming a shark pattern in the weekly chart, and both are from the same industry, semiconductors. So how to choose? For me, a simple ratio will do it. It will show which one is outperforming the other. In this case NYSE:STM is being buyed more aggressively than NASDAQ:MCHP . I'll wait for the breakout above $51 to get in and use the previous weekly lows for the stop loss. The thing is that if STM breaks out but NASDAQ:MCHP then something might be wrong. Always keep an eye on how related stocks behave.
NASDAQ:MCHPLong
by dpuleo19