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The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone( supply zone ) at 0.9866.
Last... moreThe EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone( supply zone ) at 0.9866.
Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI Divergence with it. Currently, the setup is a double top with a retracement pull-back. Normally, it is a perfect opportunity for traders to engage in the trade, I don't quite like the current candlestick pattern confirmation.
I leave that to you. Related Ideas is at the bottom of the tradingview chart.
Live chart:
https://www.tradingview.com/chart/EURUSD/Vv60BoaC-EURUSD-Weekly-Market-Analysis-Oct22-Wk1/ />
#EURUSD #trendtrading #bearishshark #sharkpattern #harmonicpatterns #doubletop #doubletopretracement #candlestickanalysis #candlestickpattern #supportandresistance less
The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone( supply zone ) at 0.9866.
Last Frida
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