Most popular european countries to visit on ProRealTlmB. Com eur/usd 5-minute I Fig 7 91 ‘500 16'00 17: 00 18: 00 ”'00 2Q00 21: 00 Figure 7.9 Contrary to popular notion, catching a ride on the high-andmighty supertrend can be far more challenging than, say, trading a breakout from a well-defined range. So prominently displayed is the dominance in the chart that it stands to attract a wide array of strategies that all aim to trade the same thing (a pullback reversal), but with highly divided consensus on the actual levels of entry. This could produce a tricky environment with traders entering all over the place and getting trapped while at it.
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A situation that certainly doesn't help to promote unanimity among the majority is when a rally shows no hiccups on its march that could serve as focus points for a later correction to gun for and possibly re Understanding Price Action verse in; this may leave a pullback no choice but to roll over in midair.
And as we can see also from the picture above, when the market is in supertrend mode, the 25ema may have a hard time keeping up. Most popular european countries to visit 2016.