Hello traders!
This is a possible reversal scenario. Today, we had a pump following Trump’s EU deal, which gave the market a bullish push.
However, just like every mountain climb requires a descent, I’m considering this setup as a potential correction.
⚠️ Important: Keep in mind that this trade goes against the trend! So, it's crucial to wait for a confirmed price close above the marked line before taking action.
If the setup offers a favorable risk-to-reward ratio, you may consider an instant execution. If not, you can place a buy limit order instead.
Also, keep an eye on the upcoming JOLTS Job Openings data—it could shift the market sentiment significantly.
Disclaimer: This is just an idea and not a trading signal. It’s shared for educational and backtesting purposes only. Please do your own analysis before making any trading decisions.
This is a possible reversal scenario. Today, we had a pump following Trump’s EU deal, which gave the market a bullish push.
However, just like every mountain climb requires a descent, I’m considering this setup as a potential correction.
⚠️ Important: Keep in mind that this trade goes against the trend! So, it's crucial to wait for a confirmed price close above the marked line before taking action.
If the setup offers a favorable risk-to-reward ratio, you may consider an instant execution. If not, you can place a buy limit order instead.
Also, keep an eye on the upcoming JOLTS Job Openings data—it could shift the market sentiment significantly.
Disclaimer: This is just an idea and not a trading signal. It’s shared for educational and backtesting purposes only. Please do your own analysis before making any trading decisions.
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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.
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.