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xela75
Nov 8, 2017 8:37 PM

Bearish Shark on hourly chart at EURCHF Short

Euro Fx/Swiss FrancFXCM

Description

A bearish shark in the hourly chart might be coming in the next hours at EURCHF. The RR is okay for the ones who trade 1:1.

X is above S&R zone (daily) and D is right in the zone. A is in another daily S&R zone and target 2 at the .618 retracement is in another daily S&R zone.

Entry is in resistance area around 1.685. Watch out for reversal signs like clear reversal candles (price rejection on close basis, etc.).

S/L is around 1.173
Target 1 @ 1.16391-- RR 1:1
Target 2 @ 1.16101 -- RR 1:1.7
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