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RunwayFX
Oct 1, 2023 4:30 PM

Countertrend then Continuation to upside after 2Day OrderBlock  Short

Euro / British PoundFOREX.com

Description

If you missed getting in short, here's a 2nd opportunity for a longer run. Speculating price will reject 0.86890 to take out SSL below at 0.86115 (2 Daily OB mitigation). Then this would be a great entry for long (swing trade).

If willing to participate on this short idea, suggestion is to do so at a reduced risk (lower lot size) on the shorting (0.86890) to the 2 Day OrderBlock mitigation. Then enter at a regular risk (whatever your risk appetite is) on the continuation long.

Comment

Counter-trend idea:
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