Get started
Euro / U.S. Dollar

EU DEMO 10/23/2019

By JGSotolongo
Updated
Watching for the formation of a Hammer at the close of the day. I had an order to enter the market long at the ATR low seeing as it was in confluence with the 0.382 fib and my daily level, but I was too focused on UJ to notice that this was a considerable distance away from the fib and Daily level. Entry on the Fib would have brought me in.
Comment
If it prints successfully, I'm anticipating a rally, and then I'm looking for a retest of the Hammer's trigger point (high).
Comment
Would not call that a Hammer as the tail is less than 2/3 the range of the entire candle and the candle range is doesn't look like it's equal to the last 20 days range. Will watch hourly for levels to trade.
Chart PatternsTrend Analysis

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.