Euro / U.S. DollarUpdated Waiting for signal before going long/short
2 possible scenarios:
A: Possible retest of resistance/support zone. If price starts bouncing away from support, I will go long.
B: Possible head and shoulders pattern. If I see a break and re-test of resistance zone, I will go short.
A: Possible retest of resistance/support zone. If price starts bouncing away from support, I will go long.
B: Possible head and shoulders pattern. If I see a break and re-test of resistance zone, I will go short.
Trade active
Scenario is playing out. I'm going long! TP at resistance @ 1.18562, and SL below support zone @ 1.17162. Let's go!Trade active
lol, ok, so it looks like both scenarios have been playing out. Scenario B formed a bullish head and shoulders pattern, so Scenario A now looks like it is fully playing out as price is starting to go finally keep going up.Trade closed: target reached
Wohooo. Price reached TP!
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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.