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?
Sharkpatterns
An upsize trade coming upA Potential Bearish Bat Pattern is looking to complete at 0.9314. This allows me to trigger my upsize trades and gives me an opportunity to stretch my final target to the completion of the Bullish Shark Pattern on the daily chart.
In order for that to happen, a series of confirmation need to be in place, 1 of which require a violation of the Buy Zone/ Demand Zone(blue box).
I've my Bias to short GBPUSDI've my Bias to short GBPUSD, and that's because I've spotted an RSI Divergence off the Daily chart. To fulfil that trade plan, I've my Bearish Shark Patterns on the 1-hourly chart(left) and patiently wait for a shorting opportunity once the market touch 1.2234.
For trend trading traders, you could wait for a buying opportunity on the 4-hourly chart(right) at 1.1879.
Perfect automated detection of Cypher & Shark PRZ - LongA bullish-type Cypher pattern occurred within the support zone of 0.9140-0.9169.
If the price drops to 0.91085, a bullish-type Shark pattern could occur.
Long after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
the long wait is overPatience is required if you want to be successful in trading. The consolidation on the 4-hourly chart took sometime before the market finally spiked up and completed the Shark Pattern.
This is the only possible entry price on this Bearish Shark Pattern and should you decide to engage the trade, do note that the trade will be carry over the weekend.
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.
Level for buying BTCLevel for consideration for traders who are looking for buying opportunity on BTC. The next optimal level I'm looking at is at $20706.50 base of the Bullish Shark Patterns.
Even for investment or purely buying the coins and store it on wallet, investors/ traders can wait for candlestick pattern confirmation before the actual purchased.
One should not take this as investment advice, but it is my view on the next best price to get involved better than the regular Dollar Cost Averaging(DCA).
Focus on where the Arrows are and earn 187pipsFocus on these 2 arrows, and it might bring you the opportunity to capture the 187pips of potential profits. A Type2 Bullish Shark Pattern(Grey) is what happens.
If the Shark Patterns got violated, I will be waiting for the Deep Bullish Gartley Pattern to engage for a buying opportunity.
The easiest 100pips profits to captureAs early as 8 Feb 23, I've been shouting LONG the Shark, LONG the Shark(at this to my community). The trading analysis report was written on TradingView.
The Bullish Shark Pattern has been bouncing off the Bearish 5-0 patterns, and this combo, it produces more than 100pips of profit potential.
It has bounced up and down 5 times; that's not too bad. 5x100pips = 500pips.
I'm excited to wait for the next confirmation to get involved in this trade.
Someone asked me my view on GoldI was waiting for time to visit my hairdresser while seeing a message left by my follower on my thoughts of Gold.
I must highlight this is not any investment or trading advice, but my opinion on the next best price to look at for a buying opportunity, should I choose to long XAUUSD.
I'm waiting to long XAUUSD at $1840.29 when the market stabilises and respects the Point D of this Bullish Shark Trading Pattern.
One of the way is to wait for the 3-bar reversal as a confirmation signal.
USDCAD - Bearish Shark Pattern retestA Bearish Shark Pattern checkback could allow counter-trend traders to swoop in for a trade.
One thing that you need to take note off, 2 news events are coming up soon.
8Feb
1.30am - CAD - BOC Gov Macklem Speaks
1.40am - USD - US Fed Chair Powell Speaks
An Idea move is to shift stops to entry between 1am-1.15am(SGT)
Conflicting trading ideasOn both Daily Chart and 4-Hourly chart, there is a Bullish confirmation from the Daily Chart Bullish Crab Pattern's with Wedge and RSI Divergence setup and 4-Hourly chart a potential Bullish Flag Pattern.
Personally I'm waiting for a counter-trend trading opportunity on the Bearish Shark Pattern 🦈 traded off at 97.95.
What's your trade plan for this pair?
Very interesting setup on USDCADThis is a very unique situation, where both Weekly and Daily Chart's Point X points to the same potential Bullish Deep Gartley Pattern at X and the 4-Hourly and 1-hourly chart had the same Point X for the Bearish Shark Pattern setup. I'm waiting to engage the Shark Pattern 🦈 and the potential completion point is at 1.3447. Candlestick Pattern confirmation is required.
When it happens, I will be using trading management to "upsize" the trade.