EURUSD(1Hour): The pair that everyone is watching!!
Reward:168.9 pips 🤑
Risk:21.4 pips ❌
Risk/Reward:8.13 ✅
Chart Breakdown
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DR.Swing_Forex
Risk:21.4 pips ❌
Risk/Reward:8.13 ✅
Chart Breakdown
- Daily Timeframe
We have an uptrend in place but price is currently consolidating.
We also have a 3rd touch sell setup on a downward trendline that contradicts the uptrend.
- 4Hour Timeframe
Uptrend in place.
We have a third touch buy setup that occurred on the uptrend trendline.
- 1Hour Timeframe
We have a downtrend on this timeframe.
Since we are in a downtrend and have a downtrend trendline, I'm anticipating a 4th touch sell setup on the downtrend trendline.
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DR.Swing_Forex