EURUSD - Potential bearish shark pattern
Updated
There is a potential bearish shark pattern on EURUSD that would complete up at 1.12455, which looks to me to be a retest of a broken support/resistance level.
If EURUSD can pull back up to 1.12455 I'm entering short and aiming for the bearish targets from the daily chart (two patterns)
- Bearish Wolfe Wave (yellow) Geo's Off-Set Rule #3 target (1.09058)
- Bearish Harmonic Bat (purple) standard 0.382 and 0.618 targets (1.09241 and 1.07012)
If EURUSD can pull back up to 1.12455 I'm entering short and aiming for the bearish targets from the daily chart (two patterns)
- Bearish Wolfe Wave (yellow) Geo's Off-Set Rule #3 target (1.09058)
- Bearish Harmonic Bat (purple) standard 0.382 and 0.618 targets (1.09241 and 1.07012)
Note
FOMC nonsense wrecked my shark entry, but reinforcing my bias for a short is another bearish Wolfe wave on the 4-hour:Note
Aggressive entry on the 30-min below the trendlineConservative entry on the 4-hour on the break and retest of the trendline
Note
For the record I'm already short. Stop at 1.13, original targets from the daily. Good luck all! :-)
Note
30-min breakdownNote
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