In my previous prediction I saw a buy opportunity while the overall trend is still bearish. I mentioned a bullish shark in the structure. On the other hand my Daily and Weekly stochastics analyse are both showing that the bearish move is maybe not over. I made 2 entries long but using a tight trailing stop which were stopped out both with a couple of pips in my pocket. Actually, there is still nothing new in the euro news that give us more confidence in a strong bullish move, although the fed decisions are maybe in favor of the euro, I think the eurusd will be relatively neutral atm.
I have a triangle where a break above or below can be a signal to enter short or long. But atm I have no clear indication of the coming direction.
I have a triangle where a break above or below can be a signal to enter short or long. But atm I have no clear indication of the coming direction.
Comment:
Concerning the shark. This is not my favorite one because it's also a pattern that is very difficult to trade even for the best pattern traders. The chances that a shark works out is much smaller than other patterns. And when it works out it can mean a big profit or just a very poor profit. So take this nice shark with a pinch of salt and better look at all the indications.
