Hello fellow trades, please take a moment of your time to view my idea on EURGBP for the week, enjoy.
Reward: 186 pips ๐ค
Risk: 32 pips โ( to avoid premature stop loss)
Risk/Reward Ratio: 5.76โ
Trade entry checklist:๐๐
โ Trendline touch( Break and retest setup)
โ Fibonacci Retracement (0.786 Fibonacci retracement zone)
โ Support/Resistance level (Price might find resistance at the green line)
โ Trend in line with trade (Downtrend in place on the 4Hour + 1Hour timeframes)
โ 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.๐
Please like and comment if you agree with the idea.๐
Please follow for more ideas from DR.Swing_Forex
DR.Swing_Forex
Reward: 186 pips ๐ค
Risk: 32 pips โ( to avoid premature stop loss)
Risk/Reward Ratio: 5.76โ
Trade entry checklist:๐๐
โ Trendline touch( Break and retest setup)
โ Fibonacci Retracement (0.786 Fibonacci retracement zone)
โ Support/Resistance level (Price might find resistance at the green line)
โ Trend in line with trade (Downtrend in place on the 4Hour + 1Hour timeframes)
โ 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.๐
Please like and comment if you agree with the idea.๐
Please follow for more ideas from DR.Swing_Forex
DR.Swing_Forex