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