leszekstanislaw

EURUSD H4 - Nothing works recently, neither Bat nor Cypher

FX:EURUSD   Euro / U.S. Dollar
98 2 5
Math did not work recently on this (and actually other USD paird - I had 8 lossess in a row). There was Cypher - failed, now nice Bat - failed... Something wrong with USD is happening... Need to be carefull...
Nothing is wrong with the pair. It is always risky to take counter-trend trades against a wave 3 move. Patterns are just patterns we draw on the chart. the market does not know they are there. Don't get me wrong. I also called for a short trade via those patterns and you know what? It was a good call at the time. But again, the market just does what it is going to do. Nothing wrong with your analysis and call for the short. Just have to get back on the horse and see what is happening and try to find another entry is all. Don't be discouraged. GL!
+1 Reply
Maybe following the trend between failures is the right choice then
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