Hi Guys,

I've been looking mostly at dollar pairs this weekend and I'm expecting the beginning of short-term volatility in some places. The Euro-USD has soared to new highs in recent weeks but is now in a position where it is looking for a new support level on the daily frame.

[IMAGE: https://steemitimages.com/DQmVeuec1qTa7PKXNfG9MzhEhr7jaLdP99yjahxVRHVePFv/Screen%20Shot%202017-11-12%20at%2017.29.17.png]

The daily chart has presented a bearish wedge formation, while price has found some support on the lower timeframes. After the break of a head and shoulders , we are now re-testing the neckline as an area of resistance. In the midst of retesting resistance, there is a bearish shark formation on the 1hour chart. The pattern is forming right at our neckline; the area we should be looking to sell has been highlighted green, in accordance with the rules of the shark pattern. I will be looking for a short position around the 1.169 level until 1.1625 (risk at minimum 1:2 as always).

See overview below.

[IMAGE: https://steemitimages.com/DQmeiGETQL8mwm1cs8iYsTyguvLVc9ucTwYxTVTZ2GuzoAD/Screen%20Shot%202017-11-12%20at%2017.29.43.png]

Shark ratios:
A:C = 1.13:1.618
B:D = 1.618:2.618
X:D = 0.886:1.13