Hey Hey! From the previous time I posted from EURUSD it bounced higher, creating a bearish 4h engulfer on the top there, hopefully signaling a start of the downward move. This is the set up I am going to be looking for: a bounce from the 200-ema to the area of 50-618% for shorts. Much better to short from a retracement than go in right away, so lets wait and see ;) Also there will be an extremely good risk & reward scenario if the pari comes back to the marked area.
Good Trading :)
-ST
תגובות
patterntrader
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In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
SamuelToro
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@patterntrader, So glad I can provide some new insight into your trading! Thank you for your support !! :)
Thank you for sharing this chart. Continue your good work.