EURAUD (1 HOUR): 2nd Retest sell setup
Hello fellow traders, here's my view on EURAUD for the week, enjoy.
Reward: 246 pips🤑
Risk: 30 pips❌
Risk/Reward Ratio: 7.36✅
Chart Breakdown: 📉📈
Please like and comment if you agree with the idea.👍
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DR.Swing_Forex
Reward: 246 pips🤑
Risk: 30 pips❌
Risk/Reward Ratio: 7.36✅
Chart Breakdown: 📉📈
- Daily: Price is currently in a downtrend. There are two fakeout's on the daily upward trendline indicating momentum to the downside. We are therefore bearish on the daily chart.
- 4 Hour: We have a downtrend in place on this timeframe, therefore we are bearish on this timeframe.
- 1 Hour: We have a second retest of a upward trendline indicating a sell setup. We have a shooting star reversal candlestick pattern to confirm sell entry.
Please like and comment if you agree with the idea.👍
Please follow DR.Swing_Forex for more quality ideas.
DR.Swing_Forex
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