EURUSD on the daily chart shows a bearish trend, but on the 4-hourly and 1-hourly chart is on a bullish trend. This could mean that the lower-time frame shows a potential of change of trend or it is merely a retracement within the bigger bearish trend.
What should you do then? Trade what you see, or don't engage the trade if you aren't comfortable.
As for me, I'm waiting to buy EURUSD on the buy zone(1.1887-1.1861) that coincides with the 1-hourly and 4-hourly chart. A break and close below the buy zone don't guarantee a shorting opportunity, I will wait and see if the price stop and reverse at 1.1800 as a bullish crab pattern setup, which is 1 of the most versatile harmonic pattern.
What should you do then? Trade what you see, or don't engage the trade if you aren't comfortable.
As for me, I'm waiting to buy EURUSD on the buy zone(1.1887-1.1861) that coincides with the 1-hourly and 4-hourly chart. A break and close below the buy zone don't guarantee a shorting opportunity, I will wait and see if the price stop and reverse at 1.1800 as a bullish crab pattern setup, which is 1 of the most versatile harmonic pattern.
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Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
