RaynLim

EURUSD-Weekly Market Analysis-Oct19,Wk3

Long
FX:EURUSD   Euro / U.S. Dollar
A bearish shark setup out of the downtrend channel poses a treat to this shorting trade. Traders who had engaged the trade and shorted the market like myself chill. I will follow my trade plan the only thing that is different is that I will be alert when the market hit the 1st target and I might gear up for 5-0 pattern trading opportunity to buy.

Will have to see how the candle forms up at the 5-0 region. If market bash through of the 5-0 Pattern Zone, I'll then wait for my second target.

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