EURUSD - Bearish Shark at 1.18

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)

Kommentera:

I'll wait for this trendline to be violated before considering whether to short.