EURUSD,DAILY (with Hotspot & Length of Bearish)
MAY 26.2015. Wait until 8 bars to see the 1st trend. Length of Bearish = 16 bars (approximate).
From 1 to 16 bars in details:
1st -> 8th bars = 1st trend
9th -> 10th bars = Open Position following 1st trend (cut loss/ hit stop loss)
10th -> 11th bars = 2nd trend
12th -> 18th bars = Open Position following 2nd trend
18th > more = might be following 2nd trend.
From 1 to 16 bars in details:
1st -> 8th bars = 1st trend
9th -> 10th bars = Open Position following 1st trend (cut loss/ hit stop loss)
10th -> 11th bars = 2nd trend
12th -> 18th bars = Open Position following 2nd trend
18th > more = might be following 2nd trend.
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.