Hello Traders,
Entry is the most important aspect of trading because it determines a lot e.g. reward, risk, stops and so on. It literally determines where your trade is going.
As you can see, there is underlying support from the trendline and the eur has been bullish as of late so it is likely to find good support at 3 even though the double top has confirmed on the hourly chart.
Therefore, looking for entries at the 618. This is known for reversal/end of the trend with stops just above as illustrated.
Have a GOOD EXPERIENCE TRADING
Entry is the most important aspect of trading because it determines a lot e.g. reward, risk, stops and so on. It literally determines where your trade is going.
As you can see, there is underlying support from the trendline and the eur has been bullish as of late so it is likely to find good support at 3 even though the double top has confirmed on the hourly chart.
Therefore, looking for entries at the 618. This is known for reversal/end of the trend with stops just above as illustrated.
Have a GOOD EXPERIENCE TRADING
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.