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 active
short activatedNote
Let it drop now
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💥 Free signals and ideas ➡ t.me/vfinvestment
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.