GBPUSD-Weekly Market Analysis-Jul19,Wk4Bullish Shark Pattern complete as a counter-trend trade. A trade that on the day of engagement produced a 114pips of profits has now slid to 70pips of profit without risk at the moment.
On the 4-hourly chart(left) has a selling opportunity form at 1.2739 as a bearish shark pattern. A potential price to see retracement at the level but with that, it does pose a buying opportunity too.
Do you know why so? Comment down below.
5-0 Pattern
I asked a friend to make a schedule of this asset AZNtechnical analysis
The asset goes to the weekly channel.
I see a pattern that is drawn in red)
Mid channel pushed buyers away.
Let's go on the script.
If you look at the timeframe you can find a better entry point,
I would enter after the breakdown of the white border and put a stop flat abroad)
SKY/BTCSKY / BTC :
BUY : 0.00016
SEL :
TARGET 1 : 0.00020
TARGET 2 : 0.00024
TARGET 3 : 0.00029
STOP LOS : 0.0000020
S
NZDJPY Bullish 5-0 PatternNZDJPY tested the bottom set on the 3rd of January 2019 at 70.71. Now, it seens to be creating a Bullish 5-0 Pattern or Bullish 50% reversal, however, as I like to trade between Proyected Reversal Zones (PRZ). I have added the 0.618 retracement.
Potential Targets
T1 -(72.78) 100% extention of the move assuming that the bottom has been establish, otherwise, requiere re-calculate.
T2 -(73.64) 161.8% ext and 50% retracement, price broke this support and never looked back, I am sure that bear are waiting for this retracement.
T3 - (74.61) 61.8% retracement.
Trade Ideas Analysis: USDJPY MWaiting for a double top to engage this short trade as a trend-continuation trade.
Great trading opportunity for aggressive trend traders but to note the stops might have to place above the bigger pink box in preventing stop-out.
Conservative trader can look into single target engagement.
Did I mention it is also a 5-0 pattern? :)
KNC LONG- Entry : 4018
- Target : 38450 (+853.38%)
- Stop loss : 2377 (-41.06%)
- Risk/reward ratio : 16.06
KLong
FUN LONG- Entry : 99
- Target : 1005 (+915.15%)
- Stop loss : 60 (-39.39%)
- Risk/reward ratio : 14.85
FLong






















