Short

Trade Ideas Position: EURUSD Shark

A bearish shark pattern has formed on the 1-hourly chart, it is not convincing for me to engage the trade reason being of the consolidation area and both oscillators are not congruent, however, the 4-hourly chart looks good as a double-top, I'll need a confirmation candle to engage it.

Now, why is that so?
The overall bias I have on this trade is bullish on both the 1-hourly and 4-hourly chart, other than the chart patterns and filters there is no other clue suggesting a shorting opportunity, however, it is true that all trending movement, there is a retracement and the earnings for the retracement can be good.

RaynLim

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RaynLim

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