EURAUD has a hard time keeping up above the 1.6200 region and is showing a slowdown in liquididty and momentum to the upside , suggesting a downside target of 1.6060 to easily be met .
Ofcourse the 1.6000 institutional region is not far away from there and could be met very shortly after we have reached the 1.6060 region.
A risk reward ratio of 1:9 is set up for this trade wich is more then decent.
Enjoy the free content!
Ofcourse the 1.6000 institutional region is not far away from there and could be met very shortly after we have reached the 1.6060 region.
A risk reward ratio of 1:9 is set up for this trade wich is more then decent.
Enjoy the free content!