EURUSD – SPOT: Selling On Retracement To Within The 50% Range Of Bearish Fakey + Long-Tailed Pin Bar Setup
Price Action: Price formed a Bearish Fakey + Long-Tailed Pin Bar Setup overnight.
Price exploded higher from the Giant Bullish Fakey Setup that had formed late last week (We did not consider trading this setup, as given its huge size, it would have been hard to manage risk-reward).
Potential Trade Idea: We are considering selling on a retracement higher to within the 50% range of the current Bearish Fakey + Long-Tailed Pin Bar Setup.
Price Action: Price formed a Bearish Fakey + Long-Tailed Pin Bar Setup overnight.
Price exploded higher from the Giant Bullish Fakey Setup that had formed late last week (We did not consider trading this setup, as given its huge size, it would have been hard to manage risk-reward).
Potential Trade Idea: We are considering selling on a retracement higher to within the 50% range of the current Bearish Fakey + Long-Tailed Pin Bar Setup.