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RaynLim
Mar 16, 2024 1:43 PM

Short on EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

This week, I'm leaning towards a shorting opportunity on EURUSD for a couple of reasons:

1. **Bearish Shark Pattern on Daily Timeframe:** The presence of a Bearish Shark Pattern on the daily timeframe suggests a potential downward movement in the price.

2. **Breakthrough of Bullish Gartley Pattern:** The Bullish Gartley Pattern on the 4-hourly chart breaking through the Potential Reversal Zone (PRZ) indicates a weakening bullish sentiment.

3. **Waiting for Retest:** I'll be patient and wait for the market to retest the resistance level at 1.09121 before entering a short position.

What are your thoughts on EURUSD? Share your trade plans and perspectives below!

Let's make this week a profitable one!

Happy Trading!
Comments
SakdakornSuksanwiman
good idea i will follow your idea too, thank you
RaynLim
@SakdakornSuksanwiman Thank You. But please do not follow any analyze blindly. Do your own analysis
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