EURUSD Bearish Shark Formation and Short Opportunity The pair ended the week at 1.11420 above EMA50 H4 Chart. It is testing the SMA100 resistance. On the upside 1.11800 resistance is the first target of the Bulls. If the price breaks above 1.11800, it is likely to test 1.12300. Bearish Shark Pattern would be completed at D. Our trade setup based on a potential Shark Pattern is as follows: Pattern: Bearish Shark Pattern Trade Based on Bullish Flag is as follows: Trade: Short Accuracy: 72% Recommended Lot: 0.30 at 10K Period: Intraday/Medium term Entry: 1.12250 - 1.12350 Stop Loss: 1.12650 TP1: 1.11800 TP2: 1.11400 TP3: 1.10800 Entry Alert would be sent. EURUSD Bearish Shark Pattern: 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
