EURUSD 4h - bearish shark pattern
Updated
Hello.
The pair can reverse at 1.14700 and decline to 1.14200 but if it breaks the resistance level here, it can go up to 1.1500 then start a corrective wave.
you can enter a short position at 1.1470 with 200 points SL and 500 points TP.
if the pair couldn't break 1.1420 level then I expect that the bullish move started but if it breaks 1.1420 then again we're stuck in this area.
The pair can reverse at 1.14700 and decline to 1.14200 but if it breaks the resistance level here, it can go up to 1.1500 then start a corrective wave.
you can enter a short position at 1.1470 with 200 points SL and 500 points TP.
if the pair couldn't break 1.1420 level then I expect that the bullish move started but if it breaks 1.1420 then again we're stuck in this area.
Trade closed: target reached
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