Get started

Bearish Shark

Murderous Intent on GBPAUDI have a murderous intent on the GBPAUD, it is not because of revenge trade, heck, I don't even have any recent losing trades, and I've been trading for some time so I don't do that, but that is because I spotted something that many traders have missed out. RSI Divergence on both the Daily Chart and 1-hourly chart. To top it up, on the Weekly Chart, the GBPAUD is on the Key Resistance Level. As usual, there are a few ways to engage the trade, but I'm waiting for the candlestick pattern to retest 1.8214 for a shorting opportunity, so that it gives me a better Profit Factor.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Dec22,Wk1If you missed the trade ideas of EURUSD on Friday, this might give you a 2nd chance to engage in the trade. With that said, do your market analysis and not follow blindly. What's nice about this trading setup, the three primary timeframes I'm looking at has all the bearish trading setup I need. Daily Chart - Bearish Crab setup 4-hourly Chart- Ascending Channel with RSI Divergence on overbought region 1-hourly Chart, Bearish Shark Pattern retest
Short
by RaynLim
2
NZDUSD - Bearish Shark comboNZDUSD has a Bearish Shark Pattern on the intra-day and daily chart timeframe. My engagement will be on the intra-day timeframe; that's when the Shark Pattern completes at 0.6270. A minimum of 3-bar reversal must be seen on the intra-day timeframe before engaging in the trade. I would stretch my targets to which of the daily chart patterns, giving me a lower risk with higher returns. You can't do this to all trading setups, and you have to understand the trend well before you could even consider doing that.
Short
by RaynLim
EURUSD - 5-0PatternWell, if you guys are aware, I do not usually post an analysis based on M15 timeframe, but this setup is worth watching. The distance between the red and blue line is 43pips, substantial profit between the 2 levels. On the red dotted line, come the completion of the Bearish Shark Pattern and the blue dotted line, Bullish 5-0 Pattern. Candlestick Pattern confirmation is required before one consider it as an trading ideas. p/s do your own analysis and never follow blindly
Long
by RaynLim
5