EURUSD on the daily chart shows a bearish trend, but on the 4-hourly and 1-hourly chart is on a bullish trend. This could mean that the lower-time frame shows a potential of change of trend or it is merely a retracement within the bigger bearish trend.
What should you do then? Trade what you see, or don't engage the trade if you aren't comfortable.
As for me, I'm waiting to buy EURUSD on the buy zone(1.1887-1.1861) that coincides with the 1-hourly and 4-hourly chart. A break and close below the buy zone don't guarantee a shorting opportunity, I will wait and see if the price stop and reverse at 1.1800 as a bullish crab pattern setup, which is 1 of the most versatile harmonic pattern.
What should you do then? Trade what you see, or don't engage the trade if you aren't comfortable.
As for me, I'm waiting to buy EURUSD on the buy zone(1.1887-1.1861) that coincides with the 1-hourly and 4-hourly chart. A break and close below the buy zone don't guarantee a shorting opportunity, I will wait and see if the price stop and reverse at 1.1800 as a bullish crab pattern setup, which is 1 of the most versatile harmonic pattern.
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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.