EURUSD - Could have a little more upside before it drops

This post is inspired by the discussion with a group of my students. We were looking at where EURUSD could possibly turn

Spotted the following 2 patterns on the pair
- a Bearish Crab on the H4 chart. Completion @ ~1.2125
- a Bearish Shark on the D1 chart. Completion @ ~1.2085

Let's monitor this closely. Tonight FOMC. I would love to see another higher high to complete the above mentioned patterns and the indicators shows us a bearish divergence !!

Commentaire:

I guess it is beginning for form, I see a potential bearish Divergence happening.
Naturally it does this as the market is waiting for NFP tonight.

(Apologies..... dunno where I saw FOMC yesterday, it is NFP tonight)

Transaction en cours:

Currently running at +115pips profits. Tightened SL to 1.1988 protecting a minimum of +68pips profits. Making this a risk free trade.

Trade fermée manuellement:

Closed at 1.1932 with a +123pips profits.
Will monitor this closely, look for retracement to re-enter short again