EURUSD - Bearish Shark at 1.18
Updated
Had a very quiet week as I was down with the flu.
Now I am slowly recovering and I am looking forward to have a great week!
I am watching how EURUSD unfolds next week.
2 scenarios are likely
1. Price completes the shark pattern and reverses
2. Price reaches the top of the ED channel, struggles and falls
Both are significant and I look forward to see the volume action at these levels before entering my trade.
Tentative levels for the shark short
EP 1.18
SL 1.19 (100)
TP 1.158 (220)
Now I am slowly recovering and I am looking forward to have a great week!
I am watching how EURUSD unfolds next week.
2 scenarios are likely
1. Price completes the shark pattern and reverses
2. Price reaches the top of the ED channel, struggles and falls
Both are significant and I look forward to see the volume action at these levels before entering my trade.
Tentative levels for the shark short
EP 1.18
SL 1.19 (100)
TP 1.158 (220)
Note
I'll wait for this trendline to be violated before considering whether to short.
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