TheGreatCapital

Anticipate a Swing BULLISH SHARK PATTERN ON EURUSD

Pembelian
OANDA:EURUSD   Euro / Dollar AS
Hi guys, EURUSD is currently forming what looks like a Bulish shark pattern on H1, with the following measurement

OX = 0.5 (0.382 - 0.618)
XA = 1.13 (1.13 - 1.618)
AB = 1.618 (1.618 - 2.24)
0B = 0.886 (0.886 - 1.13)

CONFLUENCE: The Support trendline seems to be holding on a higher time frame, also on daily, the support trendline is holding, price is at exactly 0.618 high to low on daily.. we all know that 0.618 is a strong fib level.

So we anticipate a reversal at the PRZ, scale down to lower TF for a good entry, and R:R

SL at 1.07038 (1.13 fib level) since the pattern is expected to complete on the 0.886 OB Retracement, not at 1.13

expect a pullback to the PRZ. entry BUY limit order at 1.07853 or you could enter at a reversal candle formation on the PRZ.

wishing you guys a wonderful trading week.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.