Hey traders, there are more than a few opportunities setting up on the EURUSD, this one is still a ways away from me taking it serious, but believe it or not, it's the smallest of the potential opportunities. (The bigger potential patterns are on the 4 hour and Daily charts)
What we have here is a potential bearish pat pattern which would complete at 1.1418. Now it's important that we don't pass up on other trading opportunities because of the potential pattern because there's no reason to be confident in the completion until the "B" leg is broken providing us with a NSH, HHHC.
Just like with the USDJPY trade last week (Minute 2:35 of this Video youtube.com/watch?v=OnzLKZhfSzM ) I'll be looking for a potential structure based trade at the structure level as well.
Hoping you guys have had a great trading week, and cheers to a great weekend.
Nice! Me too for target1. Since I'm only on demo, it'll have to be chicken soup for me. :)
Akil_Stokes
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Still sounds delicious
Axel
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yes but i'm not filled (different broker) still waiting :D
Akil_Stokes
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I would cancel you pending orders then since price has already rolled down to the target area
Akil_Stokes
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Or if you're involved at least move stops to breakeven just to ellinimate any chance of taking a loss
Axel
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yes stops are breakeven
Axel
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god damn i hate this to see a half pip or so
Akil_Stokes
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I'm with you, it's annoying, frustrating. Hopefully it'll push down and get you filled. I'll tell all of my live room members to sell to try and get it there hahaha