Long EURUSD
Description in chart. Notably, this is taking place inside an area of demand on 4 hour chart.
Caution, this trade goes against the trend on higher timeframes, so good risk management is essential.
Not financial advice, please don't blindly follow signals.
Caution, this trade goes against the trend on higher timeframes, so good risk management is essential.
Not financial advice, please don't blindly follow signals.
Note
A couple of areas to target with a trailing stopNote
I believe the area is still valid to trade long. Think the market is trapping traders who may have got FOMO after that upward impulse.Note
I'm not interested in taking a long position from here anymore. Maybe a bounce / quick scalp. I'll be looking for short positions down to last weeks low
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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.
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.