EURUSD is at an interesting setup that can get both Trend Traders and Counter-Trend Traders involved.
If you are a trend trader, waiting for Point 1 for a 3-bar reversal(a break and close below) the current candle low would signal a shorting opportunity. Target1 would be a recent market close, which is at Point 2.
Where else Counter-Trend Traders could wait for Point 2 for a 3-bar reversal and long it to Point 1 as the first target.
If you are a trend trader, waiting for Point 1 for a 3-bar reversal(a break and close below) the current candle low would signal a shorting opportunity. Target1 would be a recent market close, which is at Point 2.
Where else Counter-Trend Traders could wait for Point 2 for a 3-bar reversal and long it to Point 1 as the first target.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.