EUR/USD: euro is suffering

EUR/USD: euro is suffering

2019-11-11 • Updated


SELL 1.1445 SL 1.15 TP1 1.1345 TP2 1.1245 TP3 1.118

SELL 1.1515 SL 1.157 TP1 1.1415 TP2 1.1345 TP3 1.1245

On the daily chart of EUR/USD, after the pair reached the 113% target of the "Shark" pattern, there is a transformation to the 5-0 pattern. Within the transformation usually, a pullback to 23.6%, 38.2% and 50% of the CD wave happens. A rebound from resistances at 1.1445 and 1.1515 should be used to sell. 


On H1, an implementation of  5-0 and "Three Indians" creates risks of a correction to the downward short-term trend.  



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