On 4H time frame, price is giving us low risk, high return trend, structure trading opportunity on EURUSD - we get 1:4 R/R Factor.
There is reversal zone made:
You can enter right away, or you can wait for your rules of entry.
Stop level is below current OR, target level is the retest of current NSH. If you are truly trend trader, then you can shoot for targets higher than NSH - don't forget that price made Double Top, so beware of the strong resistance zone.
Good Luck!
There is reversal zone made:
- structure zone (current OR)
Fibo inversion
You can enter right away, or you can wait for your rules of entry.
Stop level is below current OR, target level is the retest of current NSH. If you are truly trend trader, then you can shoot for targets higher than NSH - don't forget that price made Double Top, so beware of the strong resistance zone.
Good Luck!
Trade closed: target reached
Almost 150 pips in the bag :)
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.
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.