Countertrend!
You can see that my last setup regarding this pair was picture perfect, and we are soon to reach our INSANE 17:1 reward!
If you didn't get in on that don't worry - we have a counter-trend coming up.
It is good practice to go with the main trends on the longer time frames, but there are some occasions we can take advantage of drawdowns.
I am expecting JPY short-term weakness and a solid EUR strength in the next 1-2 weeks.
Wait for a bounce from the marked trend line, and enter as a buy stop with a very tight stop loss.
The TP is lower - this is not a long trade!
Like my work? Please like, share, subscribe, and comment.
Anything you want to see? Just ask!
I provide all of this for free, and would really appreciate the support.
Have fun, trade safe.
DrBear
You can see that my last setup regarding this pair was picture perfect, and we are soon to reach our INSANE 17:1 reward!
If you didn't get in on that don't worry - we have a counter-trend coming up.
It is good practice to go with the main trends on the longer time frames, but there are some occasions we can take advantage of drawdowns.
I am expecting JPY short-term weakness and a solid EUR strength in the next 1-2 weeks.
Wait for a bounce from the marked trend line, and enter as a buy stop with a very tight stop loss.
The TP is lower - this is not a long trade!
Like my work? Please like, share, subscribe, and comment.
Anything you want to see? Just ask!
I provide all of this for free, and would really appreciate the support.
Have fun, trade safe.
DrBear
Trade active
Hi team!We have made massive gains with this trade, and it has gone beautifully.
If you benefited, please like and comment!
I suggest putting your stop loss in some health profit, about 40 pips below current state - remember this is a counter-trend trade and therefore carries more risk.
Trade closed: target reached
Perfect. I hope you got in. PLease like comment and share if you like my analysis!
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Related publications
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.