USDKK Going for a Bearish Shark Pattern 1 hour to Bullish 5-0.Great bearish shark pattern happening for the USDKK 1 hour chart. This harmonic chart pattern will likely complete as it is just about there. Once in a short, looking to take profits at the 38.2 and 61.8, however, this pattern can morph into a Bullish 5-0 pattern at the 50% profit fib level, so will be watching price in the fifty level. It could bounce hard there and will exit and go long, or it will continue down. So all in max short at the red area then possibly exit short and all in max buy at the 50% level to complete the Bullish 5-0 Pattern.
5-0 Pattern
EURUSD-Weekly Market Analysis-Dec18,Wk4The red box is my sell zone and having the bearish shark form up on 4-hourly chart and we can see how nicely the market have a sell off at Point D completion.
On 1-hourly chart, it give a buying opportunity at 1.1288 as a counter trend setup.
This December, market can be more volatile than other December.
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Trade Ideas Analysis: EURUSD S&RStructure Trade for this, back into our 5-0 pattern having a nice Pin Bar or also known as long shadow candle.
Already shorted the trade and I have 2 target for this,
Target and stops will be shared to my subscriber.
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Trade Ideas Position: EURUSD 5-0A Shark that I MISS!!! Argh!!
Is ok, Is ok, things happen, but I'm still Bearish Bias on this pair.
Waiting for the 5-0 setup that will require confirmation before I engage the trade.
Entry, Stops and Targets will be shared to my subscriber. I may even long on Shark retest before 5-0 pattern took place.
In just the month of Oct, we shared a total of 2,333pips of net profit.
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L&T Infotech Stock - Shark Pattern complete I dont usually trade stocks but I saw this setup on the chart
Shark pattern formation and price is now resting a little above 1.618 which makes shark pattern D leg complete.
Minimum retracement expected is 38.2% and 50% but I have provided 4 different targets.
It is overbought on lower timeframe and has small bearish divergence.
Shark pattern usually consists of 5-0 which is a continuation pattern, so I wont be surprised if stock moves further high!
GBPNZD Bearish 5-0 UpdateHere is the Bearish 5-0 update from last week or so. It hit the 2 fib level and is showing signs of a reversal to the upside as expected. Around 824 more pips up to the Sell Point. Then another potential 1,876 pips to the TP point.
I will get in on this buy up to the Sell Point.
Hopefully this pair doesn't get hit with news and does what it is expected to. Fingers crossed!
EURUSD Bullish 5-0 Monthly ChartThis is a bullish 5-0 pattern, formed in monthly chart.
The first bounce from 50% retracement (around 1.1450) reached 38.2% retracement of February high to August low around 1.1800/1.1780 before the pair resume downtrend and reached AB=CD projection.
Stop loss below 1.1180.
USDJPY - 2 Sharks and a 5-0 across 2 timeframesUSDJPY - 2 Sharks at different timeframes, what can you expect?
On the hourly chart, USDJPY has completed a bearish shark.
We are right there at the PRZ right now.
If the market reacts and USDJPY reverses from here, we can expect it to reach 112.95 which is the TP1 of the shark pattern.
Small Shark execution
PRZ 113.30
SL 113.70
TP1 112.95
TP2 112.65
At 112.95, USDJPY can either fall further or rebound from a bullish 5.0 pattern.
In the bigger timeframe, we have a big shark completing at 114.50.
Therefore, my GUESS is USDJPY will rebound from 112.95 after the 5-0 completes to confirm the bigger shark at 114.50.
Big Shark execution
PRZ 114.50
SL 115.70
TP1 112.90
TP2 111.70