UPDATE #1: EURUSD: A Completed Shark Pattern & Explanation

28 ביולי 2015

Now that prices are starting to descend towards the profit targets and the D point completion of the 5-0 pattern, I wanted to provide the profit targets. This time, I have provided 3 profit targets instead of the usual 2.

Profit Targets:
1. 38.2% (111 pips)
2. 50% (152 pips)
3, 61.8% (186 pips)

I provided 3 because each one of these levels also have a minor SR structure associated with them so some caution is advised when prices meet each of these levels. But as always, you must decide upon your own risk tolerance and trading plan.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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