Reap the Rewards for Massive Gains
Counter-trend trading can be a lucrative strategy if executed correctly, making it a favorite amongst traders. When done right, it can provide the best profit factor, making it a viable option for those seeking to maximize returns.
As for the EURUSD, the weekly chart displays a retest on resistance with an RSI Divergence, signalling a potential shorting opportunity. However, it is important to note that this setup is not foolproof, and it is necessary to exercise caution. In fact, a candlestick confirmation is yet to be observed on the weekly chart.
For the daring traders out there, keep a close eye on the 1-hourly chart (on the left) for a 3-bar reversal, which may serve as a green light for a prime shorting opportunity. Take a calculated risk and pounce on this opportunity before it's too late!
As for the EURUSD, the weekly chart displays a retest on resistance with an RSI Divergence, signalling a potential shorting opportunity. However, it is important to note that this setup is not foolproof, and it is necessary to exercise caution. In fact, a candlestick confirmation is yet to be observed on the weekly chart.
For the daring traders out there, keep a close eye on the 1-hourly chart (on the left) for a 3-bar reversal, which may serve as a green light for a prime shorting opportunity. Take a calculated risk and pounce on this opportunity before it's too late!
We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
tiktok.com/@raynlim
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
tiktok.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.