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EURUSD Potential Bearish Shark And Short Opportunity

EURUSD Potential Bearish Shark And Short Opportunity

Description: EURUSD entered into a shortterm corrective structure. We keep our bearish bias and our target is 1.12-1.11 region. If the pair breaks above 1.14300, the first target will be 1.14800 – 1.15000 region. A potential bearish Shark Formation would be completed at D 1.14800. This level can be used to add short.

Trade Period: Intraday Trading – Midterm Trading

Pair / Instrument: EURUSD

Time Frame: H1

The trend in the Timeframe: Bullish

The trend in the Daily Chart:  Bearish

Trade Based On: Potential Bearish Shark Pattern Formation

Accuracy: %81

Recommended Lot Size: 0.04@ 10 K Account with 1:100 Leverage

Trade: Short

The Area Of The Entry: 1.14750 – 1.14850

Stop Loss:  Above X 1.15000

Target 1: 1.14500

Target 2: 1.14300

Target 3: 1.13600

What to Pay Attention: If the pattern does not work as anticipated, the potential reversal levels is the Fib 1.27 Extension 1.15300 . This level can be used as another short entry opprotunity.

You can view the setup:EURUSD Shark Pattern


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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

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.

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