The Daily chart of the euro above indicates that eurusd has broken bearishly through trend-line, therefore, the bias on the pair immediately shifts from bullish to bearish. Support Zone is seen from about 1.2981. All previous long entries should be liquidated while fresh short entries are sort. The 4hour chart below shows how the trade room took advantage of the 4 hour intraday price action.
The trade room took advantage of the Hidden Fakout Setup on the 4 hour time frame as price made a failed attempt to continue bullish following the Pin Bar that was spotted at about US open. The counter sell entry was made instead as price was stopped by the dynamic resistances. Stops are just above the Trigger candle while we at least expect a 1:2 risk/reward on this trade.
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