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melihFX

TREND CONT

Short
Euro / U.S. Dollar (FX:EURUSD)  
melihFX Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis
1
0
trendanalysis
Expecting a new bearish swing
1.1820-1.1845 range
Trade active:
opened short pos 1.1840
Comment:
1.1840 is head&shoulder, harmonic D, 61.8 retracement. And 1.1890 ise weekly shark completion.
But reverasal did not comfirmed yet.There is several options for this trade.

1. Loses momentum and reverses from 1.1840. Then this plan works.
2. Double-Top (or maybe below top) and reverse
3. Sets a new high at 1.1935 and reverses. Shark pattern completes (1H frame) at this level.
4. Breaks 1.1935 and cont bullish price action. For me it a low possibility.

Looking forward to see the next week.
Comment:
losing momentum 1.1721. Market is bearish.
Set SL below breakeven.
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