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EURCHF Short Opportunity: Bearish Shark Pattern TP1 Reached 17 Pips

EURCHF Short Opportunity: Bearish Shark Pattern

Published: 08-17-2018

Pair / Instrument:EURCHF

Time Frame: H1

The trend in the Timeframe: BULLISH

The trend in the Daily Chart: BEARISH

Description:  EURCHF is testing the resistance. A bearish Shar pattern formation would be completed at D 1.13520. We might see a bearish retracement.

Trade Based On: Bearish Shark Formation

Accuracy: %90


Entry: 1.13550

Stop Loss:Above 1.13700

Take Profit: 1.13370

Take Profit2: 1.13240

Update: TP1 Reached 18 Pips. Move SL to entry and close 40% of the positions.

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money



EURCHF: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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