On 4H time frame, price is giving us low risk, high return trend, structure trading opportunity on EURUSD - we get 1:4 R/R Factor.
There is reversal zone made:
Stop level is below current OR, target level is the retest of current NSH. If you are truly trend trader, then you can shoot for targets higher than NSH - don't forget that price made Double Top, so beware of the strong resistance zone.
Good Luck!
There is reversal zone made:
- structure zone (current OR)
Fibo inversion
Stop level is below current OR, target level is the retest of current NSH. If you are truly trend trader, then you can shoot for targets higher than NSH - don't forget that price made Double Top, so beware of the strong resistance zone.
Good Luck!
Trade closed: target reached:
Almost 150 pips in the bag :)