GBPUSD-Weekly Market Analysis-Jul19,Wk3Daily Chart(right) pose a bullish shark formation as a counter-trend trade To a nearer short-term(left) it does have a head and shoulders setup that present a counter-trend trade and I'm taking as a counter-trend trading approach and I'm going to shift stops to entry when market opens.
Bullish Shark
GBPUSD-Weekly Market Analysis-Jul19,Wk2While waiting for the Bullish Shark on the Daily Chart(kindly refer to the link on the related ideas), a bullish shark pattern has formed on the 4-hourly chart. As long as no gap occurs on Monday Market Open, I'll engage this trade but also watch closely when the market hit its 1st target.
Trade Ideas Educator: GBPAUD RSI DivHaving an RSI Divergence on the daily chart(right) set perspective up for a buying opportunity I'm waiting for. But based on my trading rules, I can't just long because of an RSI-Divergence.
On the 4-hourly chart, a bullish shark forms up on the dot of my prefered entry, adding sprinkles to the dessert on the 1-hourly chart, a bullish crab on the dot.
Trade Ideas Educator: GBPJPY BatOn the daily chart, GBPJPY is on a bearish trend, a better entry opportunity as a trend trader lies on the 4-hourly chart(right) waiting for the bearish-bat to form up for a shorting opportunity.
For the counter-trend trader, the 1-hourly chart presents a long opportunity. Best of both world.
EURUSD-Weekly Market Analysis-Jun19,Wk4If you are looking to short, you are a counter-trend trade, to long, a trend trading. Both are shark patterns.
So, what's your trade plan for this?
Comment down below. Will you enter a trade before the market closes on Friday/Saturday? Comment down below as well.
Remember always have your trade plan and follow your trade plan.
Trade Ideas Position: GBPUSD SharkBullish Shark setup as a counter-trend trade. Do check on the price and setup on your side, but definitely a valid setup for me.
Will the brexit and recent political event affect your trading decision?
Comment down below.
Right now the trade is at the entry, will you be executing the trade right away or wait for candle close?
Why?
USDJPY-Weekly Market Analysis-Jun19,Wk3Waited for the bullish shark to hit the entry for trade entry opportunity as I've missed 3 opportunities to engage the deep crab pattern.
This Shark Pattern gives another opportunity to engage the trade. This trade might not be happening but look what we got here a bearish bat pattern.
Can't wait to see how this trade rolls out
GBPUSD-Weekly Market Analysis-Jun19,Wk3Have you seen how the bearish bat has formed up? Target1 with +25pips profit and Target2 exiting with +160pips profit in just 2 Trading Days. Target2 is an extension of targets, all if not most Harmonic Pattern Traders would have already existed long before it hit even 100pips for this trade.
After an extended short trade I took, I'm waiting for a buying opportunity by observing how the market opens on Monday.
EURUSD-Weekly Market Analysis-Jun19,Wk3A Bullish Shark setup completing at 1.1111, looking forward to this setup to complete.
The market has reached B, which is the previous support, let's see how this trade forms up.
If you find this trade-ideas is helpful to you, share this with your community so more traders can benefit.
NASBTC 15min, Bullish Shark, potential bearish 50% reversalWe have a bullish shark on the 15min TF on NAS/BTC, not the most reliable harmonic pattern but we can still look at it as it can also evolve toward a bearish 50% reversal.
Trade Ideas Position: NZDJPY SharkWhat a bullish shark setup within the Buy Zone. It almost perfect opportunity based off the 1-hour timeframe to engage this trade on a trend trading setup.
I used to fear shark pattern as it is very tricky, but now after getting a hang of it & my additional filters, I love it so much as it usually gives great returns and it happens almost every time. (if you know where to find it)
Trade Ideas Educator: GBPJPY BatBearish Bat VS Bullish Shark with such setup 1 cannot live in the presence of another as the other pattern will be invalid once 1 has formed up.
A likelihood and more comfortable setup will hence be the bearish bat setup as it is within the sell zone.
What is your trade plan?
GBPUSD-Weekly Market Analysis-Jun19,Wk2On the daily-chart, bullish shark pattern setup for a buying opportunity and the great thing about this for many traders is on the 4-hourly chart the market is now within the sell zone but at the very extreme end of it.
Such setup although is high-risk for sellers but it provides a fantastic reward:risk. The ball is in your court and the choice is yours.
Follow your trade plan.
MATICBTC Long, Bullish SharkWe have a bullish shark on 1h TF. Buy-in on the support 233. SL just below 228 support. TPs as you wish but MACD and RSI start looking bullish so we can expect a good profit (but as always don't be too greedy).