The pair has broken out out of Pennant Chart Pattern and has also retested its resistance.
We are expecting a price to go down and an entire Pennant Chart Pattern.
A risk ratio reward is 20 which is a good contract.
Based on analysis
Entry: 208.430 / 208.110
SL: 208.600
TP1: 207.630
TP2: 206.780
TP3: 206.230
TP4: 205.215
A proper risk management should be applied
We are expecting a price to go down and an entire Pennant Chart Pattern.
A risk ratio reward is 20 which is a good contract.
Based on analysis
Entry: 208.430 / 208.110
SL: 208.600
TP1: 207.630
TP2: 206.780
TP3: 206.230
TP4: 205.215
A proper risk management should be applied
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.