Bat Pattern + Rising Wedge for potential Short Setup on $EURUSD
I recently took several successful long trades on $EURUSD (
)
and I am still bullish on this pair, BUT I always ask myself "What do I see, what does it mean, what do I do based on those information?"
I see a bearish Bat Pattern on the daily timeframe and a rising wedge with bearish divergence on the RSI. This means there is potentially a good chance for a retracement into the last structure zone (at around 1.09's).
What do I do? Nothing. I do not trade the daily chart, but I am open minded and know the probabilities when we break those wedges etc.
Always make sure you trade YOUR backtested plan!
and I am still bullish on this pair, BUT I always ask myself "What do I see, what does it mean, what do I do based on those information?"
I see a bearish Bat Pattern on the daily timeframe and a rising wedge with bearish divergence on the RSI. This means there is potentially a good chance for a retracement into the last structure zone (at around 1.09's).
What do I do? Nothing. I do not trade the daily chart, but I am open minded and know the probabilities when we break those wedges etc.
Always make sure you trade YOUR backtested plan!
Erfolgreich traden lernen.
www.wirmachentrader.de
www.wirmachentrader.de
