Bullish SHARK Pattern in EURUSD

1 באוג׳ 2019

After a bearish AB=CD pattern, it is expected EURUSD to have an ascending move from support cluster area

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  at 1.1030-1.1050 where RSI and MACD show divergence . Especially a Bullish SHARK pattern is forming with D point at 1.1030-1040 area. If this pattern is confirmed, EURUSD can reach to 1.1180-1.1200 area again. Stop loss must be set at 1.1028 point where the pattern will be failed.

2 באוג׳ 2019

עסקה פעילה

Good comeback from support area!

The pattern is valid yet, note that 1100-1130 is a resistance area in the EURUSD toward its SHARK target and the price reacted to it.In fact this is TP1 and the main target at 1180-1200 needs more time to reach and absolutely we expect EURUSD to hit that!

6 באוג׳ 2019

עסקה סגורה: היעד הושג

Hi. How do you feel after some SHARK hunting? ;-)
Our targets are met in a few days with a sharp move which is a feature of sharks!

from 1030 to 1200 there was a 170 pip distance and EURUSD traveled that and went far from there to 1250 .

GOOD LUCK.