EURUSD-Weekly Market Analysis-May21,Wk1

2 במאי 2021

On the 4-hourly and 1-hourly chart, EURUSD is still on its bullish trend, ticky part of this harmonic patterns is that it forms outside on the buy zone but yet even if it closes outside of the buy zone it is still a bullish trend. This is because, for this Shark Pattern, Point X happens to have a long shadow to invalid the buy zone, the candle has to break and close below X, it will be better for the candle to close at 1.2000 this will attract the price action trader to hop it for the trade and it will push the bullish shark pattern traders to its desired outcome faster.