UPDATE #1: EURUSD: A Completed Shark Pattern & Explanation

FX:EURUSD   Euro / U.S. Dollar
Now that prices are starting to descend towards the profit targets and the D point completion of the 5-0 pattern, I wanted to provide the profit targets. This time, I have provided 3 profit targets instead of the usual 2.

Profit Targets:
1. 38.2% (111 pips)
2. 50% (152 pips)
3, 61.8% (186 pips)

I provided 3 because each one of these levels also have a minor SR structure associated with them so some caution is advised when prices meet each of these levels. But as always, you must decide upon your own risk tolerance and trading plan.

Please keep in mind that I am not giving any trading signals here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all comments are welcome. Agree or disagree. Good luck!
2018 Gold Guide & BIG report on Platinum! $198 Value. Subscribe to Commodities Package to get them FREE here: http://bit.ly/2AZWhx4
2018 Guide TO Forex Markets Coming Soon! Want it? Sign up to mailing list: http://bit.ly/2iNieEY
Nevermind, I just saw the big fat 60 in the middle.
What time frame is this chart on? 1 Hour? 4 Hour?
English (UK)
English (IN)
Bahasa Indonesia
Bahasa Melayu
Tiếng Việt
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out