After what seems a false breakout on thursday, candlestick patterns traders have a good opportunity with a nice bearish engulfing pattern formed on friday (engulfing the 3 previous candles)
Aiming for bottom of channel gives a decent 1:1 risk to reward. Second target could be at lowest close around 1,0560 for almost a 2:1 risk reward ratio.
Aiming for bottom of channel gives a decent 1:1 risk to reward. Second target could be at lowest close around 1,0560 for almost a 2:1 risk reward ratio.
Trade active
Sold that pair at market opening yesterday
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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.