Ichimoku_Trader
Short

Looks too easy but it's not...

FX:EURUSD   Euro Fx/U.S. Dollar
535 8 28
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Scenario 1: We go down into the bear trap and then we reverse and start rising quickly.
How to trade it: Take a level 4 signal once inside the sell zone. Place your stop just above the last high. Be ready to buy if we break the critical level.

Scenario 2: We go up without breaking the lows and trapping the bears.
How to trade it: Start looking for a level 1 sell signal once we touch the 'TS. Be ready to sell the breakout of the lows. Your stop should be just above the last high.

Good luck
Comment: First of all, I hope none of my buddies got trapped. If you did, then it is purely your fault and you should be very upset with yourself
Second, If we get a big candle here or next, then this will be a perfect call and we will have bought tickets to scenario 1

Let's see
How did you determine that it is a bear trap?
Reply
Ichimoku_Trader nheadmaster
I'm not sure how. I have no method. I just know
I get a lot right and some wrong

Let's see what happens with this one
+1 Reply
nheadmaster Ichimoku_Trader
Ok mate. Thanks for your insight. Let's have a happy trading week.
Reply
Ichimoku_Trader nheadmaster
If I ever create a method for it, I'll let you know
Reply
nheadmaster Ichimoku_Trader
Well looking at H4 chart it has passed the previous low and at Daily price has passed the cloud but not CS.
Reply
Ichimoku_Trader nheadmaster
As you know, when I trade I do not consider except my trading TF

I did do analysis for the daily today though. Very interesting chart

What fundamentals are they cooking up for us???
Reply
nheadmaster Ichimoku_Trader
Wow. I suppose if one wouldn't look at Daily, he can't understand that the price may change direction. At least for me which I am a starter.

I see that at H1 we have a change since I see a large downwards movement but at H4 it seems to me that it can continue down.
Reply
Ichimoku_Trader nheadmaster
the daily is important to keep in mind
Reply
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