EURAUD (4Hour): Patiently waiting for a sell✅
Hello fellow traders, please take a look a look at this profitable idea on EURAUD.
Reward: 546 pips 🤑
Risk: 43 pips ❌
Risk/Reward Ratio: ✔
Chart Breakdown:📉📈
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Reward: 546 pips 🤑
Risk: 43 pips ❌
Risk/Reward Ratio: ✔
Chart Breakdown:📉📈
- Daily Timeframe:
We have a downtrend in place as price breached the previous higher-low of the uptrend and formed a lower-low and lower-high confirming the downtrend.
We are therefore bearish on this timeframe. - 4Hour Timeframe:
We have a downtrend in place on this timeframe as well further increasing our bearish sentiment.
We have a downward trendline that needs a third touch confirmation that I'm anticipating before entering my sells.
I will enter aggressively at the touch of the downward trendline and wait for a bearish candlestick confirmation for additional confirmation. - 1Hour Timeframe:
We have a downtrend in place on this timeframe giving us confirmation that this pair is overall bearish
Please like, comment and follow DR.Swing_Forex for more quality ideas👍
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