EURUSD: Potential Short Setup After FOMC

FX:EURUSD   Euro / U.S. Dollar
166 4 4
A bearish Shark formation.

Would monitor this potential setup closely as the trade idea is against the current sentiment.
Hi, just like to ask, why the shark was more suitable here than the cypher. Thanks.
+1 Reply
akyong jeremy.wimala
the difference between a shark and cypher is the C point extension. personally, if the C point extends at least 113 of the XA, i trade it as a shark; if the C point extends between 127 and 141, i trade it as a cypher :)
Ah okay, thanks!
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