EUR/USD Bullish Shark Pattern
Bullish pattern for EUR/USD emerged 90 minutes prior to ECB
interest rate decision. Obviously with this in mind its
probably best to wait until after the interest rate decision
and the ensuing press conference.
Trade 1 (RvR ratio 1.75)
Entry: Close above 1.2192 (1.310 of XA)
S/L: 1.2131 (ATR 1 below point D)
T/P 1: 1.2254
T/P 2: 1.2299 (point B)
Trade 2 (RvR ratio 2:1)
Entry: Close above 1.2299
S/L: 1.2242
T/P 3: 1.2359
T/P 4: 1.2414
As always, apply your own risk management profile for
placing adequate stop/ loss levels.
Happy trading
Bullish pattern for EUR/USD emerged 90 minutes prior to ECB
interest rate decision. Obviously with this in mind its
probably best to wait until after the interest rate decision
and the ensuing press conference.
Trade 1 (RvR ratio 1.75)
Entry: Close above 1.2192 (1.310 of XA)
S/L: 1.2131 (ATR 1 below point D)
T/P 1: 1.2254
T/P 2: 1.2299 (point B)
Trade 2 (RvR ratio 2:1)
Entry: Close above 1.2299
S/L: 1.2242
T/P 3: 1.2359
T/P 4: 1.2414
As always, apply your own risk management profile for
placing adequate stop/ loss levels.
Happy trading