EURUSD - SHARK PATTERN SHORT OPPORTUNITY

Aug 7, 2017

I made a mistake on the first post of this technical analysis. I named this pattern a Deep Crab on the first post, Its a Shark pattern since the price broke the A point and got our C point hitting the 113% & complete the D point 113% fib ext. as well. Over all this pattern is called Shark pattern since the pullback tested the 88.6% and broke the A point. if the price didn't break the A point, this pattern was going to be named Deep Crab Pattern, therefore our D point will be at 161.8% fib ext.

Time to be patient and see how this one plays out, even though I hardly trade this pair.
:)