Euro / U.S. DollarUpdated new trader utilizing trend momentum, flow
Have bias to believe that, as trend momentum has been broken, from upwards to downwards on the 4HR/1HR charts for the EURUSD -
but overall may be going long for the Daily and Weekly chart timeframes. I believe price may spike down and hit my levels colored blue for a overall rally on the Daily and Weekly charts. However, I would like to capture price going down on the H or 4HR in order to gain more experience with longer, intraday, type of trading, as I believe it fits my style more, and I would perhaps like to trade more often as in full-time. Risk is a conservative acceptable level for me.
but overall may be going long for the Daily and Weekly chart timeframes. I believe price may spike down and hit my levels colored blue for a overall rally on the Daily and Weekly charts. However, I would like to capture price going down on the H or 4HR in order to gain more experience with longer, intraday, type of trading, as I believe it fits my style more, and I would perhaps like to trade more often as in full-time. Risk is a conservative acceptable level for me.
Note
Was able to close safely with 2:1 profit.
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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.