A remarkable thread I must say. Wanted to share a current EURUSD setup and ask your opinion, guys.
Looking to get long around 1.2800 and 1.2775. Market has been trending down and consuming supply. Now we will face the first serious demand area. Also I believe there are a bunch of stops below recent swing low and looks like a trap for me. In the bigger picture I believe we could gun for 1.3300 supply area and recent down move looks like a correction. So I think that potential max reward might be very big, if we make a run up from here. Thoughts?
Looking to get long around 1.2800 and 1.2775. Market has been trending down and consuming supply. Now we will face the first serious demand area. Also I believe there are a bunch of stops below recent swing low and looks like a trap for me. In the bigger picture I believe we could gun for 1.3300 supply area and recent down move looks like a correction. So I think that potential max reward might be very big, if we make a run up from here. Thoughts?