The highly speculative EURUSD long trade with an 8.5:1 risk-reward ratio proved too good to be true and got stopped out. Nevertheless, our outlook remains bullish for the EURUSD. A clear bottom formation is evident in both price and OBV, accompanied by bullish divergence on the M30. Hence, a new opportunity presents itself to execute a long-side trade with an still favorable risk-reward ratio of 5:1.
Still Bullish on EURUSD for CAPITALCOM:EURUSD by Ochlokrat
The highly speculative EURUSD long trade with an 8.5:1 risk-reward ratio proved too good to be true and got stopped out. Nevertheless, our outlook remains bullish for the EURUSD. A clear bottom formation is evident in both price and OBV, accompanied by bullish divergence on the M30. Hence, a new opportunity presents itself to execute…
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