Description: EURUSD entered into a shortterm corrective structure. We keep our bearish bias and our target is 1.12-1.11 region. If the pair breaks above 1.14300, the first target will be 1.14800 – 1.15000 region. A potential bearish Shark Formation would be completed at D 1.14800. This level can be used to add short.
Trade Period: Intraday Trading – Midterm Trading
Pair / Instrument: EURUSD
Time Frame: H1
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Bearish
Trade Based On: Potential Bearish Shark Pattern Formation
Accuracy: %81
Recommended Lot Size: 0.04@ 10 K Account with 1:100 Leverage
Trade: Short
The Area Of The Entry: 1.14750 – 1.14850
Stop Loss: Above X 1.15000
Target 1: 1.14500
Target 2: 1.14300
Target 3: 1.13600
What to Pay Attention: If the pattern does not work as anticipated, the potential reversal levels is the Fib 1.27 Extension 1.15300 . This level can be used as another short entry opportunity.
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