Risk/Reward profile seems better going long, however, expecting pull back. This is a short-term trade using 1hr charts.
Short entry set up potential, but waiting for confirmation of a pull back AND a trade set up that favors a 3:1 reward/risk profile.
Trade is contrarian to current sentiment (73% Short).
TREND ANALYSIS:
1D
1W
Short entry set up potential, but waiting for confirmation of a pull back AND a trade set up that favors a 3:1 reward/risk profile.
Trade is contrarian to current sentiment (73% Short).
TREND ANALYSIS:
- 1W - Uptrend
- 1D - Uptrend, but potential pull back
- 1Hr - Uptrend, with recent pull back creating entry with 3:1 R/R
1D
1W
Pine Script®
EURUSD
Trade closed: stop reached
SL (7 pips)
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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.