Rachel_FX

EUR downtrend !

Rachel_FX Diupdate   
FX:EURUSD   Euro / Dollar AS
A solid trading plan is essential for success in the markets. Today, I'll share a powerful trend continuation strategy that leverages established market momentum. We'll focus on identifying trend direction and confirming optimal entries through price swing analysis. In a bullish scenario, we seek out uninterrupted higher highs and higher lows. The Fibonacci retracement tool, particularly the 61.8% level, serves as a key entry point. However, if the bullish trend weakens with lower highs and lower lows, we remain on the sidelines. It's prudent to wait for the formation of the next swing high/low pattern, indicating a potential continuation opportunity. In the event of a trend reversal, we adapt our strategy accordingly, seeking similar patterns in the opposite direction.






Komentar:
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.