Navigating A Weaker Bull Trend For Strategic Trading

19 พ.ย. 2023

It appears EURUSD is currently within a Weaker Bull Trading setup.

For trend traders, waiting for a counter-trend opportunity might be a potential strategy.

Counter-Trend Traders, here are two considerations for your approach:

As the market resides in the supply zone on the Daily Chart, waiting for a double top formation coupled with RSI Divergence could offer an entry point for your trade.

Alternatively, keep an eye out for an ABCD Pattern as it unfolds, presenting another counter-trend trading setup.

These strategies aim to navigate against the prevailing trend, so it's essential to apply rigorous risk management practices.

Happy trading!