Bullish Shark Aiming For 12 DollarsBuying at the 1.13 Fibonacci Extension and will hold until price reaches 10-12 dollars.
Bullish Shark
Bullish Divergences Above the 200 day Moving AverageI think it may try to go back up to around 55 dollars in the short-term before continued downside in the long-term.
NZDJPY - Bullish SharkIf you are familiar with Harmonic Patterns, NZDJPY is a fun pair to trade. At this moment, either 5-0 Pattern or Bullish Shark check back is going to happen on the 4-hourly timeframe.
USD/JPY Trade Setup, Showing Bearish signs + harmonic forming!So USD/JPY is looking pretty weak atm after it has been rallying upwards for a couple months. As you can see USD/JPY retraced onto the .618 retrace and moved up from there and formed a rising channel + a double top which are two bearish signs. During this whole upwards movement the chart was making higher highs and higher lows however, the RSI and MACD have been forming lower highs for over 90 days on the daily timeframe thus indicating an end to the bullish trend. There is also a bullish shark forming on the daily timeframe which would be a great exit and long entry if you decide to short this. USD/JPY just broke down out of the rising channel and is currently retesting the support of the channel as resistance and this would be a really good entry. However if you want more confirmation, it would be safer to enter once point (B) breaks of the harmonic at around 107.4 and form a lower low. Target would be at point (D) as mentioned before. Don't forget to follow for more free trade setups! Good Luck traders!
NZDJPY - Bullish Shark(20Jun2021)A Bullish Shark pattern on the daily chart is about to form up. There's no need for you to be anxious and chase after this trade, what's more important is to ensure the bullish engulfing candle appear within the PRZ. If you have seen the analysis we did on the 4-hourly chart, it gives a total of 209pips of Net Profit, which is approximately 2,090USD/lot traded or on the 1-hourly chart a 240pips run which is approximately 2,400USD/lot.
Many time traders believe that when you trade on a higher time frame you will earn more. Well, now you see it is not always the case. In trading is important not to assume and plan your trade in advance. That make weekend analysis more precious than others.
Bullish Bounce Off Shark for now; Bearish 5-0 Continuation LaterI will be playing XRP for a potential Bullish Bounce for now but i will be exiting around the 50 percent retracement due to the potential of developing a Bearish 5-0 later.
Bullish Shark Entry at 58 CentsIf we get down to to around 59-58 cents i will Begin to buy. Stoploss Below 54 cents.
Extremely Oversold At Support: A Bullish Retracement is LikelyI think the EURO will rally back to make a 50 percent retracement before continuing to the downside.
The RSI is extremely oversold on multiple timeframes and it's at a strong support level, A temporary bounce wouldn't be unexpected.
Fading the Bearish Breakout for a Bullish Reversal.We have a bullish shark on the 4 hour with an oversold RSI and I'm expecting the price to fade the breakout and blast back into the descending triangle from here and take off to prices that are much higher.
USDJPY-Weekly Market Analysis-Jun21,Wk2Last week I've shared that USDJPY is in a Bullish Flag formation, if you have engaged in it, you would have earned 95pips just on the first target(approx. 930USD/lot) and 153pips to its highest point(approx. 1500USD/lot). These are the opportunities that you have been missing out on, and I hope that you didn't use the trading opportunity trying to figure out.
Well, at this moment, there is a buying opportunity at 108.70. The trade will be valid once it has a bullish confirmation at the price. Remember the Bullish Shark Pattern setup is a Buying Opportunity, not a Selling Opportunity.
My student, happen to have a similar view of the market movement, using a different strategy, check out the TradingView link at the bottom.
Bullish Shark: USD will attempt a second bounce from the SupportLets see if we can catch a reaction here: I will be targeting atleast 6.75 for profit taking
GBPJPY - Bullish Shark PatternMost traders see this trading setup as a buy zone(blue rectangle) that has been broken. Well, you aren't wrong about it, but the trend has not turned bearish because I will need to wait for another break and close below the recent low(yellow eclipse) for that to happen.
I'm waiting for a Bullish Shark pattern for a buying opportunity, as long as it didn't break and close below the yellow eclipse, this can still be a strong buying opportunity.
Tweezer Bottom Bullish Reversal at the 0.886 Retracement.The is literally the final ground the USD has to stand on: Hold the 0.886 and you're off to test much higher prices once again.
Tweezer Bottom with Bullish Divergence on both MACD and RSI at the .886 along the bottom of a Falling Wedge at the PCZ of a Bullish Shark.
The DXY Should Have A Strong Opening Week From These LevelsNearing the PCZ of a second Bullish Cypher on the Daily at Monthly Support/Resistance while showing MACD Hidden Bullish Divergence on the Daily, a slightly Oversold RSI, and a Stoch RSI the looks like it will have no choice but to cross upwards very soon.
I think so long as we manage to stay above the 0.886 Fibonacci Retrace, the trend should stay intact but if we break through this Danger level then things could get really bad for the DXY.
We will likely test these zones immediately upon the open of the DXY today. Ideally we will respond positively to these levels throughout the current night and tomorrow morning and the momentum we get will continue on into the coming weeks.
As for Bullish Targets i think it will hit the resistance zone of 94-94.50 from here and if we're lucky it will break that level and go even higher
AUDCAD - Bullish SharkIn the Ocean, Shark is a crafty predator and in the Harmonic Patterns, Shark Pattern is the most tricky setup and it has to be traded with caution.
I'm waiting for the 1-hourly candle close to confirm this trading setup. Candle Confirmation is needed for such counter-trend trading setup.
4HR Bullish Divergence at the PCZ of a Bullish Shark MACD Bullish Divergence, Oversold Stochastic, Oversold RSI, and the MFI is rebounding from Oversold territory after hitting a 1.13 PCZ of a 4HR Bullish Shark I will be longing and targeting the 50 percent retrace from high to low and expect to see the AUD potentially continue it's downtrend after hitting the 50% retrace to confirm a potential Bearish 5-0.
EURUSD-Weekly Market Analysis-May21,Wk1On the 4-hourly and 1-hourly chart, EURUSD is still on its bullish trend, ticky part of this harmonic patterns is that it forms outside on the buy zone but yet even if it closes outside of the buy zone it is still a bullish trend. This is because, for this Shark Pattern, Point X happens to have a long shadow to invalid the buy zone, the candle has to break and close below X, it will be better for the candle to close at 1.2000 this will attract the price action trader to hop it for the trade and it will push the bullish shark pattern traders to its desired outcome faster.
GBPAUD - Bullish Shark CheckbackA bullish shark checkback is what I'm waiting for. This Harmonic Pattern matches a retracement on a 61.8% pullback after the daily chart has a double bottom setup. 1.7767 is the level that I will be watching closely for the trading opportunity.
SQQQ may give us another +20% Pump: Bullish Shark HarmonicThe 4HR RSI seems to be coming out of the oversold territory within the PCZ of a Bullish Shark Harmonic, I think it could attempt to target previous Higher Resistance levels from here Potentially between $14-$16 if all goes well.
Golden Shark Doo Doo DooDooI think I found a harmonic pattern known as a bullish shark on GNOG. This is how I'd trade it. I'm waaay too tired to get verbose on this one, sorry.
Weekly Double bottom off PCZ of logscale Bullish SharkThe weekly closed with a piercing line pattern off the neckline of a weekly double bottom and we are above the 55 week Simple moving Average. I expect this could take us to much higher prices and will be buying here and if it goes lower i will also be buying within the green zone with limited risk.
