There is a potential bearish shark pattern on EURUSD that would complete up at 1.12455, which looks to me to be a retest of a broken support/resistance level.
If EURUSD can pull back up to 1.12455 I'm entering short and aiming for the bearish targets from the daily chart (two patterns)
- Bearish Wolfe Wave (yellow) Geo's Off-Set Rule #3 target (1.09058)
- Bearish Harmonic Bat (purple) standard 0.382 and 0.618 targets (1.09241 and 1.07012)
If EURUSD can pull back up to 1.12455 I'm entering short and aiming for the bearish targets from the daily chart (two patterns)
- Bearish Harmonic Bat (purple) standard 0.382 and 0.618 targets (1.09241 and 1.07012)
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FOMC nonsense wrecked my shark entry, but reinforcing my bias for a short is another bearish Wolfe wave on the 4-hour:
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Aggressive entry on the 30-min below the trendline
Conservative entry on the 4-hour on the break and retest of the trendline
Conservative entry on the 4-hour on the break and retest of the trendline
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For the record I'm already short. Stop at 1.13, original targets from the daily.
Good luck all! :-)
Good luck all! :-)
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30-min breakdown
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