Bullish Shark
GBPUSD - Weekly Market Analysis - September 2018, Week 2The overall market is still on its bearish run. For the counter-trend trader, you can certainly look at the Bullish Shark formation of AB=CD that completes at the blue line for a counter-trend trade.
Just note that if you are counter-trend trading, do consider a conservative target.
USDJPY - Weekly Market Analysis - September 2018, Week 2The market is still on its bearish move but for our inner-circle subscriber, they must be delight that they have engaged the short trade on USDJPY as they have received the Trade Ideas Position on a Bearish Bat formation.
2 possibilities right now to long USDJPY, one is on Bullish Shark completion, another is based off AB=CD.
Which is better?
It depends on your trading rules.
(Episode #172) USDJPY - Trade Ideas Educator (3September2018)Bull Shark Formation forms within the buy zone I was looking at. Typically a shark pattern has 2-3 different entry point, do take note of that and do not trade off blindly.
Course Director of Harmonic Pattern will be having a 3-hours sharing session on 1 of his favorite pattern - Bull Bat Formation.
PM me if you are interested to attend, that will be on 11 Sep 7pm-10.30pm in Singapore!
Trade Ideas Position: USDJPY Bear Butterfly over Bear Bat H1Shorted this trade, using SL base on Butterfly as the stop is still above the X leg of Bear Bat.
Taking conventional target based on Butterfly but Target2 I'm watching closely for the completion of Bull Shark.
This is what I call Pattern over Pattern
AUDUSD | Harmonic Pattern Shark - Short Term Spike!Hey Everyone,
AUDUSD 30M Chart Looks promising as Support is holding the price up as well as Harmonic Pattern Bullish Shark
is Identified Keeping Target Smalls it could potentially go UP!
Here's our Preferences,
BUY NOW or - 0.73679
STOP - 0.73534
TARGET - 0.74092
More updates will be posted under this thread,
have any doubts? then, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
GBPNZD Additional Long OpportunityIn our premium section, we have published a bullish shark pattern which worked as predicted. - Attached idea -
Our second target was 1.93300.
This level is very important for the continuation of the bullish move.
As seen in the chart, price tested the resistance twice. The breakout and close below 1.93300 will carry the price 1.94500.
We recommend paying attention to the breakout of 1.93300 to add LONG. Stop Loss can be placed 1.92900 with the target 1.94500.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
AUDNZD Long ScenarioReason that may Push AUDNZD upwards
Reason 1: D leg of Bullish Shark pattern
Reason 2: W1 Minor Support Zone
Reason 3: W1 Major Support Trendline
P.S: Wait for clean Buy signal confirmation
on D1 & H4 chart to long this pair. If Pair
continues to go down without forming bullish
confirmation signal. Don't place any orders
EUR/AUD - Bullish SharkHi guys! Looking at the week ahead there are several potential setups on my watchlist. One of which is this bullish position on the EUR/AUD.
Using the shark formation, price has already entered our PRZ whilst testing a strong level of daily support! Since this level has been tested previously we have every reason to believe history will repeat itself (see below for support). Should this support be broken, we would see a clean break down to the supporting weekly trendline (also see below). We will assess the candlesticks on the 1 hour and 4 hour chart for confirmation of our entry.
This week we're awaiting releases on CPI for Europe, which will also be monitored closely should we not have already entered before this release.
Shark Ratios are as follows:
C = 1.13-1.618
D = 1.618-2.618
X to D = 0.886-1.13
As always, risk:reward should be 1:2 minimum- in this case 1:3.
Keep an eye on this one guys; I'll update as time progresses.