EURUSD Pullback to Bearish Trend Line
Updated
With daily RSI posting a divergence plus Stochastic crossover.
A pullback to daily trend line expected. The trend needs a lower high to continue. Maybe all the way up to 1.1820
This is a counter trend trade with tps 1.1750 / 1.1790 / 1.820.
The Risk reward on this countertrade is attractive with Risk reward ratio of TPs 4.7 / 6.4 / 7.6.
A pullback to daily trend line expected. The trend needs a lower high to continue. Maybe all the way up to 1.1820
This is a counter trend trade with tps 1.1750 / 1.1790 / 1.820.
The Risk reward on this countertrade is attractive with Risk reward ratio of TPs 4.7 / 6.4 / 7.6.
Note
Suggested entry proved to be the LOW of THE WEEK so far.
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