Three good reasons to sell!!!
Hello fellow traders, I'm fairly bearish on EURUSD today because:
I see a bearish engulfing reversal candlestick formation on the 1hour timeframe, that happens to be located on a very strong resistance level. Since price has failed to cross above this resistance level, I'm still convinced that the bears are still in power. Please watch the video in order to receive a full breakdown of the trade and additional reasons on why I'm selling.
Risk:24 pips
Reward:112 pips
Risk/Reward Ratio:4.54
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Feel free to comment and share your views!!!
Hello fellow traders, I'm fairly bearish on EURUSD today because:
I see a bearish engulfing reversal candlestick formation on the 1hour timeframe, that happens to be located on a very strong resistance level. Since price has failed to cross above this resistance level, I'm still convinced that the bears are still in power. Please watch the video in order to receive a full breakdown of the trade and additional reasons on why I'm selling.
Risk:24 pips
Reward:112 pips
Risk/Reward Ratio:4.54
Please like if you agree with the idea and follow for more quality ideas.
Feel free to comment and share your views!!!