EURUSD, A potential 2618 after a 4hr shooter breakout
EURUSD, actually all the non-USD currencies got hit after the FED annoucement, which may pretty much change the uptrend for them.
While in terms of intra-day trade, there are still opportunities to take a shot for a short-term trade.
Most of the time, inside bars are only applicable for trend continuation trade for me , while there are a few exceptions like a huge risk event or it's very extended.
So I was already willing to long the inside 4hr breakout as a 8-EMA correction trade; and if it's able to finish the double bottom, it can create another intra-day long opportunity.
The cue, "close above 1.1903 in hourly chart" is not that easy to happen, while if it did, this 2618 trade is a great confirmation entry for the 4hr shooter breakout.
Again, I am a trend follower most of the time, while if there is some huge price movement, I don't mind to take some counter-trend trade with acceptable risk.
I am not really bullish on EURUSD in larger frame including the fundamentals and policy changes, but a intra-day long is not really that crazy and I will execute the risk-reward stop in a very cautious manner.
While in terms of intra-day trade, there are still opportunities to take a shot for a short-term trade.
Most of the time, inside bars are only applicable for trend continuation trade for me , while there are a few exceptions like a huge risk event or it's very extended.
So I was already willing to long the inside 4hr breakout as a 8-EMA correction trade; and if it's able to finish the double bottom, it can create another intra-day long opportunity.
The cue, "close above 1.1903 in hourly chart" is not that easy to happen, while if it did, this 2618 trade is a great confirmation entry for the 4hr shooter breakout.
Again, I am a trend follower most of the time, while if there is some huge price movement, I don't mind to take some counter-trend trade with acceptable risk.
I am not really bullish on EURUSD in larger frame including the fundamentals and policy changes, but a intra-day long is not really that crazy and I will execute the risk-reward stop in a very cautious manner.
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