Bullish Shark
GBPJPY - Type2 Bullish Shark Within the Buy Zone(Demand Zone) we have a Bullish Shark setup. Yes, we can expect a Type2 Bullish Shark setup. Candlestick confirmation is important before engaging the trade.
This is because having a type2 Bullish Shark pattern means that the previous Bullish Shark has hit the 1st target and traders might exit the trade which can weaken the bull run.
Harmonic Pattern - PRZ BankNifty (Long)Buy banknifty,
PRZ 28900-29070 SL 28500
Target 30200
either stop loss or target will hit before first week of January
Trade with strict stop loss to avoid max loss
30200 is the best level to short bn to reap max profit
positional traders don't see this analysis, for you sell on rise is the best strategy for the upcoming months
Target 27000 will hit in 3-4 months
ask further doubts in comments
USDJPY - Bullish SharkOn the 16:00(UTC+2) or 10pm(+8GMT) if the candle before it closed as a long shadow candle, I'll head in for an aggressive buying opportunity. Take note that 3am(+8GMT), Fed Reserve Chair, Powell is going to speak, traders who aren't ready for that shouldn't consider engaging the trade.
However, if the long shadow candle didn't happen I will not engage this trade.
AUDUSD - Bullish SharkOn the daily chart, AUDUSD is on the major support level, it does show signs of weakening of the bullish movement as the market display a series of lower-high. However, a bullish shark has completed and waiting for a retest for a buying opportunity gives a great Reward is to Risk ratio.
AUDUSD - Bullish SharkA potential bullish shark setup on the AUDUSD also has a potential of an ABCD pattern setup at a much lower price 0.6960, the problem with ABCD pattern is that often not it will slide before a turn-around if it happens. A major support level can be seen on the daily chart price at 0.6935.
GBPUSD-Weekly Market Analysis-Oct20,Wk3A NO Brexit Deal leaves UK Pound movement to be uncertain. It is wise to wait for market confirmation before engaging in the trade on a Mid-Term trade plan. Technical Trader could observe if 1.2862 is broken if the level is not broken, then a potential buying opportunity presents itself as a Type2 Bullish Shark Pattern setup.