Euro / U.S. DollarShort
Sell position for EURUSD
Under 1hour time frame we see a double top forming creating liquidity above.
Price will stop out retail traders who got into a sell position and test a previous order block.
Got in the 15minute time frame to get my entry. Applying smart money concepts my risk is 4 pips and reward about 110 pips.
Point of entry 1.16849
Stop loss 1.16885
Take profit 1.15818
Price will stop out retail traders who got into a sell position and test a previous order block.
Got in the 15minute time frame to get my entry. Applying smart money concepts my risk is 4 pips and reward about 110 pips.
Point of entry 1.16849
Stop loss 1.16885
Take profit 1.15818
Related publications
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.