RaynLim

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Short
FX:EURUSD   Euro / U.S. Dollar
Counter-trend trading can be a lucrative strategy if executed correctly, making it a favorite amongst traders. When done right, it can provide the best profit factor, making it a viable option for those seeking to maximize returns.

As for the EURUSD, the weekly chart displays a retest on resistance with an RSI Divergence, signalling a potential shorting opportunity. However, it is important to note that this setup is not foolproof, and it is necessary to exercise caution. In fact, a candlestick confirmation is yet to be observed on the weekly chart.

For the daring traders out there, keep a close eye on the 1-hourly chart (on the left) for a 3-bar reversal, which may serve as a green light for a prime shorting opportunity. Take a calculated risk and pounce on this opportunity before it's too late!

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