EURUSD - Trading with trend (Short-term)
Updated
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
Trade closed: stop reached
SL (7 pips)
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