This idea is behind the theory of market exhaustion. EURUSD made a high at 2:30am and hve come down since then. Around 1.2158 - 1.2152 or even 1.2150 place a buy order for 20 pips TP and 20 pips SL for a 1:1 risk/reward EURUSDhttps://www.tradingview.com/x/5stgiiyU/
Note
Our trade was triggered at 4:00 am and took profit at the next bar... not even showing a sign close to our stop loss. Quick 20 pips!
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.
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.