🔍📊 Current Market Overview: I'm closely monitoring the EURUSD pair for a potential shorting opportunity on the higher timeframe. However, at the moment, two buying opportunities have emerged, which deserve our attention. Let's dive into the details:
🦋 Bullish Butterfly Pattern: On the daily chart, we have identified a Bullish Butterfly Pattern with completion anticipated at 1.0355. This pattern suggests a potential buying opportunity, indicating a reversal in the price action. It's crucial to keep a close eye on the price as it approaches this level.
🦈 Bullish Shark Pattern: Another interesting development is the Bullish Shark Pattern observed on the 4-hourly chart. This pattern is expected to complete around 1.0764, signalling a potential buying opportunity. However, it's important to remember that these patterns occur in the context of a counter-trend trading strategy.
💼 Trading Strategy: Given the absence of a clear shorting opportunity, I will adopt a conservative approach and focus on the identified buying opportunities. I will set conservative targets for these trades while remaining vigilant for a suitable shorting opportunity to align with my overall strategy.
thanks a lot my friend 👍🏻 You have entered the subject title "Buy". But the analysis shows a decline and sell
RaynLim
⋅
@MEHDI118, thanks for highlighting that. i've explain that on my video analysis but we are counter-trending this pair, i prefer to sell on this, but no opportunity at this moment. On this writeup, in the first sentence I've explain that too
You have entered the subject title "Buy".
But the analysis shows a decline and sell