EURUSD-Weekly Market Analysis-Jul19,Wk3

13 ביולי 2019

On the right, the daily chart, a bearish gartley setup as a counter-trend trade but on the left contrary it's a trend trading opportunity for the bearish setup.

It's great as a third-chance entry for traders to short however I would very much discourage that thought for 2 reasons:
1) Target 1 for the bearish shark setup has been hit, and;
2) it looks pretty much like a bullish flag formation on the 1-hourly chart(left)