Expecting a new bearish swing
1.1820-1.1845 range
1.1820-1.1845 range
Trade active
opened short pos 1.1840Note
1.1840 is head&shoulder, harmonic D, 61.8 retracement. And 1.1890 ise weekly shark completion.But reverasal did not comfirmed yet.There is several options for this trade.
1. Loses momentum and reverses from 1.1840. Then this plan works.
2. Double-Top (or maybe below top) and reverse
3. Sets a new high at 1.1935 and reverses. Shark pattern completes (1H frame) at this level.
4. Breaks 1.1935 and cont bullish price action. For me it a low possibility.
Looking forward to see the next week.
Note
losing momentum 1.1721. Market is bearish.Set SL below breakeven.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.