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RaynLim
Feb 18, 2024 2:04 PM

EURUSD Trading Plan: Bearish Shark Pattern on 4-Hourly Chart Short

Euro Fx/U.S. DollarFXCM

Description

Let's delve into the EURUSD trading plan for the upcoming period.

The weekly chart suggests a weaker bull trading setup, signalling a bullish trend with some weakening.

However, the four-hour chart paints a different picture, displaying a bearish trend.

Here's the comprehensive trading plan:

1. Weekly Chart: Indicates a weaker bull trend.

2. 4-Hour Chart: A Bearish Shark Pattern is anticipated to complete within the sell zone at 1.0874, presenting a potential shorting opportunity.

Given the bearish trend identified on the four-hour chart, the focus will be on the Bearish Shark Pattern for a potential short trade.

Share your thoughts and insights on this trade plan!
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