EURUSD Descending channel pattern.
EURUSD in Daily Time frame Has Formed With Descending channel pattern
in Both small and Big Time Range.
Descending Channel Pattern is a short-term bearish continuation pattern, whereby the price movement is contained within two parallel descending trend lines and the price is moving lower while bouncing off upper and lower down-trending lines. Descending Channel pattern is also known as “Bearish Price Channel”.
We can see the great Reversal opportunity here with 84 pips Risk and 215 pips Rewards.
This trade is only for Risk Taker this Trend opposite trade use only 0.01 Lot Size.
Buy: 1.11088
1st Target: 1.11290
2nd Target: 1.11492
3rd Target: 1.11608
4th Target: 1.12115
5th Target: 1.12774
6th Target: 1.13243
Stop loss : 1.10240
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan.
in Both small and Big Time Range.
Descending Channel Pattern is a short-term bearish continuation pattern, whereby the price movement is contained within two parallel descending trend lines and the price is moving lower while bouncing off upper and lower down-trending lines. Descending Channel pattern is also known as “Bearish Price Channel”.
We can see the great Reversal opportunity here with 84 pips Risk and 215 pips Rewards.
This trade is only for Risk Taker this Trend opposite trade use only 0.01 Lot Size.
Buy: 1.11088
1st Target: 1.11290
2nd Target: 1.11492
3rd Target: 1.11608
4th Target: 1.12115
5th Target: 1.12774
6th Target: 1.13243
Stop loss : 1.10240
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan.
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