EURUSD approaching the H1 order block (OB) and the previous day high. That’s a strong confluence zone for a potential reversal.
Here’s a quick game plan you could consider:
Entry: Look for bearish reversal price action signals (like pin bars, bearish engulfing candles) right at the H1 OB / previous day high zone.
Stop loss: Just above the order block or recent swing high to minimize risk.
Target: Yesterday’s low as your take profit zone — logical support area.
Risk/Reward: Make sure it fits your 1-2% risk per trade with at least 1:2 or 1:3
Here’s a quick game plan you could consider:
Entry: Look for bearish reversal price action signals (like pin bars, bearish engulfing candles) right at the H1 OB / previous day high zone.
Stop loss: Just above the order block or recent swing high to minimize risk.
Target: Yesterday’s low as your take profit zone — logical support area.
Risk/Reward: Make sure it fits your 1-2% risk per trade with at least 1:2 or 1:3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.