Hello fellow trades, please take a moment of your time to view my idea on EURGBP for the week, enjoy.
Reward: 186 pips 🤑
Risk: 32 pips ❌( to avoid premature stop loss)
Risk/Reward Ratio: 5.76✅
Trade entry checklist:📈📉
✅ Trendline touch( Break and retest setup)
✅Fibonacci Retracement (0.786 Fibonacci retracement zone)
✅ Support/Resistance level (Price might find resistance at the green line)
✅ Trend in line with trade (Downtrend in place on the 4Hour + 1Hour timeframes)
✅ Candlestick Confirmation (I'm anticipating a bearish reversal candlestick pattern to confirm entry)
There are a total of 5 Reasons to sell this pair, making this a high probability trade.👌
Please like and comment if you agree with the idea.👍
Please follow for more ideas from DR.Swing_Forex
DR.Swing_Forex
Reward: 186 pips 🤑
Risk: 32 pips ❌( to avoid premature stop loss)
Risk/Reward Ratio: 5.76✅
Trade entry checklist:📈📉
✅ Trendline touch( Break and retest setup)
✅Fibonacci Retracement (0.786 Fibonacci retracement zone)
✅ Support/Resistance level (Price might find resistance at the green line)
✅ Trend in line with trade (Downtrend in place on the 4Hour + 1Hour timeframes)
✅ Candlestick Confirmation (I'm anticipating a bearish reversal candlestick pattern to confirm entry)
There are a total of 5 Reasons to sell this pair, making this a high probability trade.👌
Please like and comment if you agree with the idea.👍
Please follow for more ideas from DR.Swing_Forex
DR.Swing_Forex
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.