EU50EUR breaking down

17 мая 2023 г.

Reasoning: Posted consecutive negative candles last week, signifying a potential topping formation. Potential ABC correction on daily chart and evening doji star reversal. Downward trending resistance line at 4341. Morning spike higher running into resistance on the 1hr & 4hr chart Ichimoku cloud.

Entry Level: 4299.1
Take Profit Level: 4218.4
Stop Loss: 4325.6
Risk/Reward: 3.05:1

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