hi Traders,
EU50 broke the upsloping support and retested it as resistance which confirms our bearish bias.
It's still in pretty low risk area for short entry.
Difficult to be bullish on EU50 , especially now when we've seen a weekly bearish engulfing candle last week.
Risk - Reward ratio: 4.11
Entry , stop loss and target are shown on the chart
Good luck
EU50 broke the upsloping support and retested it as resistance which confirms our bearish bias.
It's still in pretty low risk area for short entry.
Difficult to be bullish on EU50 , especially now when we've seen a weekly bearish engulfing candle last week.
Risk - Reward ratio: 4.11
Entry , stop loss and target are shown on the chart
Good luck
Trade attivo:
short activated
Commento:
Let it drop now
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