Euro / U.S. DollarShort
EURUSD SELL H4: Statistical, Counter-Trend
Updated
Hello, world.
This profile is focused on a statistical analysis, and our robot found out there is a 60% probability that we will reverse currently on EURUSD.
While candlestick patterns may show a good trending plot and we have support at 1.14591, if we look on data, there is a great possibility to reverse, as the robot sees a bull trap here last 2 days, and a consolidation which turns out to a decline.
It opened order:
EURUSD
1.14726
SL 1.15043
TP 1.13621
Enjoy your sailing, and keep stable risk management!
This profile is focused on a statistical analysis, and our robot found out there is a 60% probability that we will reverse currently on EURUSD.
While candlestick patterns may show a good trending plot and we have support at 1.14591, if we look on data, there is a great possibility to reverse, as the robot sees a bull trap here last 2 days, and a consolidation which turns out to a decline.
It opened order:
EURUSD
1.14726
SL 1.15043
TP 1.13621
Enjoy your sailing, and keep stable risk management!
Trade active
Seems like all yesterday's up movement has been absorbed by today's shift down.Note
Take partial profit between 1.14350 - 1.14150, and move stoploss to break-even.Note
We have one more order for down-trend continuation.
Keep both, and move stoploss of the first to 1.14203
Trade closed manually
Closed near the target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.