EURUSD : POST MOVE ANALYSIS
the 1 hour time frame: the price has been on an uptrend making higher highs and higher lows.
so it is good to enter on pullbacks. so the 15 min trap on the bear side will be created before the price starts moving towards the upside
15 min time frame: the price starts making a higher high from the 1 hour ob and that is the change of character and that is where the entry has to be, marking a 1:6 risk: reward move
so it is good to enter on pullbacks. so the 15 min trap on the bear side will be created before the price starts moving towards the upside
15 min time frame: the price starts making a higher high from the 1 hour ob and that is the change of character and that is where the entry has to be, marking a 1:6 risk: reward move
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.