EUCHF Weekly W formation
1. We have a beautiful W on the weekly.
2. We have a great resistance zone at 0.965 (rejected twice).
3. I'm pretty confident in this trade, so I set my risk-reward ratio at 1:3, and I might lower my entry a little bit. We will see how the market reacts with the MACD. (MACD needs to be below zero to have a good opportunity.)
4. I set my take profit at 0.94710 and stop loss at 0.97077.
2. We have a great resistance zone at 0.965 (rejected twice).
3. I'm pretty confident in this trade, so I set my risk-reward ratio at 1:3, and I might lower my entry a little bit. We will see how the market reacts with the MACD. (MACD needs to be below zero to have a good opportunity.)
4. I set my take profit at 0.94710 and stop loss at 0.97077.
Penafian
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