Euro / U.S. DollarUpdated EURUSD
Bear trap explained technically.
-Weekly candle wicked down to form up
-Daily closed at zone, clear indication of zone respect
-4 Hour respected the retest after a fakeout, this is big + clear upside range
-1 hour is a fractal view
-30m third touches are bread and butter
-5 minute third touches are the last, best, quick, low drawdown entry
If it happens once its ironic
If it happens twice its a coincidence
If it happens three times its a (third touch of trendline) pattern
-Weekly candle wicked down to form up
-Daily closed at zone, clear indication of zone respect
-4 Hour respected the retest after a fakeout, this is big + clear upside range
-1 hour is a fractal view
-30m third touches are bread and butter
-5 minute third touches are the last, best, quick, low drawdown entry
If it happens once its ironic
If it happens twice its a coincidence
If it happens three times its a (third touch of trendline) pattern
Note
breakeven
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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.