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Bearish Shark

Trade Ideas Educator: NZDUSD TrendlineFOCUS!! Let's dissect this chart 1 by 1 like how we did our oral exam when we were much younger. :P At a bigger picture, I have spotted a bearish shark pattern, noted on that as a potential reversal zone and I want to get involved with that but is too early to say. Situation Awareness: Right now the market is in the sell zone until it breaks and closes above the sell zone(light red box) it still have some level of risk in this setup. Trendline is 1 of my important filters because Structure is KEY!!! I will want to wait for a retest back into the trendline and look for a buying opportunity. Students will understand how I use trendline.
Long
by RaynLim
EURUSD-Weekly Market Analysis-Oct19,Wk3A bearish shark setup out of the downtrend channel poses a treat to this shorting trade. Traders who had engaged the trade and shorted the market like myself chill. I will follow my trade plan the only thing that is different is that I will be alert when the market hit the 1st target and I might gear up for 5-0 pattern trading opportunity to buy. Will have to see how the candle forms up at the 5-0 region. If market bash through of the 5-0 Pattern Zone, I'll then wait for my second target.
Long
by RaynLim