Forex Technical Analysis - Trapped Traders® Daily Analysis - Selling EUR/GBP

222 views · Published 11 November 2016 · 1:04 · Indexed 20 September 2026

Channel: Market Traders Daily · 2016 · Education

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The trap I’m going to look at today is what I refer to as a structure failure trap and a very strong and prominent outside candle trap, which occurred in this area here. Traders at the hard right edge would’ve been very seduced and induced in by this strong move up, and as price pulls back into this level, it starts to head up and it looks as if it’s going to go to the upside.

But no sooner do traders go long in here, the market comes crashing down through that level, trapping them in those long positions. So, if this pulls back, this looks like a really good place to get short.

https://www.youtube.com/watch?v=-vqSBc4y9HE

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