EURUSD - Long position after the fake out - 4:1 risk to reward Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 7, 2021 4:09 PM

EURUSD is sweeping April lows after a fake-out of yearly lows. Price action wicked out again on the 4h & recovered quickly after getting filled.

I am expecting the price to move up from here, stops are at the previous wick.