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GoodTradeST
Jan 29, 2024 7:28 PM

EURUSD M30 / Possible Retracement Until the Resistance Level✅ Long

Euro Fx/U.S. DollarFXCM

Description

Hello Traders!

This is my idea related to EURUSD M30. I expect a long move until the resistance level, after retracing from the OB H4.

I consider the retracement from the OB a good sign for bullish sentiment.

Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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Trade closed: target reached

Hello Traders!

As you can see, the strategy confirmed. EURUSD reached the level where I was waiting for, and It took my TP level.

Congrats to those who executed the trade!
Comments
antonettyandre
why would you trade against the trend ?......confused
GoodTradeST
@antonettyandre, I try to find the entries against the market sentiment. If market sentiment is bearish (meaning that all traders are looking for short entries), I will look for long entries on small timeframe. In this example, it took the OB on M15 and you can see a bullish movement of around 2R.
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