TheSupportResistanceTrader

EURUSD Long countertrend at demand area

Long
FX:EURUSD   Euro / U.S. Dollar
Quick counter-trend setup on the EURUSD due to the formation of a 60-min demand area inside of a daily demand area (gray). The latest leg down on the 60 min has already eaten some of the buy orders of the gray demand area but I believe there are quite some orders left. Hopefully this can produce us a 1:1 Risk:Reward winner. Entry where indicated on the chart (the gray line of the R:R profile/top of yellow area).

Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.

Take care,
TheSupportResistanceTrade
Order cancelled: Came too close to the area and then reversed

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