Euro / U.S. DollarShort
EURUSD-Weekly Market Analysis-Mar22,Wk1
If you have engaged the EURUSD trading ideas on Friday, you would have earned 106pips(1,060USD/lot) from Bullish Bat, and have your stop-loss at entry and attained a risk-free trade.
Trend Traders can wait for a shorting at 1.1307. You may wonder, hey, you were long on the 4-hourly chart, why look at short on that 1hourly chart.
If you have checked and compared the trade you would know that by the time the Bearish Butterfly Pattern form on the current timeframe, it would have passed the Target 1 of the 4hourly chart Bat Pattern.
The 1hourly Butterfly Pattern could be a retracement on the 4hourly chart. Besides, a lot of Harmonic Pattern Traders took off major position on the first target, when that happens, a retracement is expected.
However, if this is too confusing for you, stick with a single timeframe trading, and if you are looking to excel, look for a trading coach.
Trend Traders can wait for a shorting at 1.1307. You may wonder, hey, you were long on the 4-hourly chart, why look at short on that 1hourly chart.
If you have checked and compared the trade you would know that by the time the Bearish Butterfly Pattern form on the current timeframe, it would have passed the Target 1 of the 4hourly chart Bat Pattern.
The 1hourly Butterfly Pattern could be a retracement on the 4hourly chart. Besides, a lot of Harmonic Pattern Traders took off major position on the first target, when that happens, a retracement is expected.
However, if this is too confusing for you, stick with a single timeframe trading, and if you are looking to excel, look for a trading coach.
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Live session & Trading Tips on the GO
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