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Bearish Shark

AUDUSD - Bearish SharkHave you shorted this wonderful setup? The beauty and challenge of this trade is that it has a Bat Pattern within the Shark Pattern. The good thing is that it completes at the same point and the bad thing is that by the rule of it, the bearish bat pattern has a stronger influence over the bearish shark pattern. Either way, I'd shifted stops to entry and observe closely how the market react at the 1st target. And also, on the daily chart, it has a head and shoulders formation, although it didn't fit our criteria to short it does give additional points to the entire setup.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Feb21,Wk2A strong appreciation on GBPUSD raise concern for counter-trend traders who are looking for shorting opportunity. If the completion of the Bearish Shark Pattern completes on 8 Feb 21 at 6pm(+8GMT) or 12pm(+2UTC) it would be a perfect opportunity to short the market. The reasons as follows: 1) Bearish Shark Completion 2) Structure Resistance 3) Just nice touching trendline without violating it. If the shark pattern completes before 8Feb21, the first 2 reasons still stand and it would depend heavily on how the candle is formed, if it's a long shadow or Doji candle that the candle closing price isn't above the trendline it is still possible to bring in the trendline traders to short the market.
Short
by RaynLim
2
GBPUSD - Weekly Market Analysis - Dec2020, Week3A bearish shark was spotted last week(link at the bottom), the only challenge that we had is that the market was against the support setup, but on our Wednesday Live session the view seems rather clear as the market has a Bearish Gartley Pattern setup on the 1-hourly chart, since that day it has made more than 300pips run. If you had missed the ride, don't chase it. The next level you can look for a shorting opportunity would be at the resistance line, 1.3300. A break and close above the resistance line are not preferred.
Short
by RaynLim