EUR/USD (1hour): Bulls be ready!!!
Hello traders, I would like to share this idea on EURUSD with you and hear what you think about it.
Reward:188 pips🤑
Risk:25 pips❌
Risk/Reward Ratio: 7.62âš–
Chart Breakdown:
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Reward:188 pips🤑
Risk:25 pips❌
Risk/Reward Ratio: 7.62âš–
Chart Breakdown:
- Daily: The overall direction on the daily chart is bullish as price formed a break and retest setup on a downtrend trendline + a Bullish reversal candlestick confirming buys
- 4 Hour: The 4 hour chart is in agreement with the buy setup on the daily chart as it formed a 4 hour trendline buy setup.
- 1 Hour: On the 1 hour chart we have a potential double bottom formation of which should it actually form and break the neckline, we will be anticipating buys upon retest of the neckline
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