Bearish Shark
EURCAD - Bearish Shark Completed on H1!!!Price has hit the PRZ and is showing rejection at the moment.
RSI is having a bearish divergence from the overbought level.
I will short EURCAD on the next hour candle.
SL : 1.48563 (127.2% extension of XC)
TP1 : 1.47261 (50% retracement of CD)
TP2 : 1.46395 (88.6% retracement of CD)
Larsen & Toubro (LT) : Bearish Shark & ResistanceActually I noted this pattern when I came across a ping in my private messages..else I might have skipped this.
Here we have a bearish shark pattern ( I usually don't prefer sharks, bcos they are as dangerous as their name :) ). Its completion zone for LT is exactly in resistance zone, based on valid reversal confirmation I will initiate short positions here. If it reverses we will have double top also in LT.
Hit Likes if you agree....
Thanks for your support...Happy Trading !
Profit booking due in Crude till $30We have seen that crude prices have recovered nearly $12 from lower levels. Technically prices have formed bearish shark pattern and can correct till $30. One should think to book their long position somewhere around $38.5-$39. Technically, short can be done around $40 with stop of $43.50 and could wait lower till $32.
GBPUSD H1 Bearish Shark projection emerge. Possible short tradeFinally I see a probability to get a trade in GBP/USD, almost all the char ts are in a sharply downtrend, but the Bearish Shark projection in H1 chart can be taken.
If the pattern is confirmed, I’ll target the 50% CD Fibo retracement and see if I can make a combo Shark – (5-0) pattern.
GBP/CHF Bearish Shark Pattern GBP/CHF potentially in bearish shark pattern in daily chart. We may go short today and put your SL around 1.55669. Put your first target profit in TP 1 around 1.53985, and maybe the price will temporary retrace around these area before continue to breakout to our next target in TP 2.
Since we see this pattern in daily chart, this potential pattern still available around this week, as long as they never touch our SL.
Please feel free to share your opinion for better result.
happy trading
Short USDCHF: Bearish Shark to PivotsUSDCHF has completed a bearish shark at confluent reversal zone. Unhit weekly and daily pivots add pressure to the downside. The new unhit daily pivot aligns with .382cd and makes for a nice target level. SL above S/R provides a substantial R/R. A more aggressive T2 may be placed at .618CD.
Confluence in the PRZ:
1. Bearish Shark Completion
2. 1.618bc
3. 0.786XA
4. 3.618ab=cd
5. 0.618 0-1
5. Trendline Resistance