Dark cloud cover in EU50EUR

Trade Idea: Selling EU50EUR

Reasoning:
• Weekly – Consecutive hanging man candles (Bearish)
• Daily – Bearish dark cloud cover after Fridays break higher (Bearish)
• 4hr – Bearish outside candle at Ichimoku Cloud resistance
• 1hr – Testing Ichimoku cloud support (Neutral/Bullish)

Entry Level: 4285.7
Take Profit Level: 4212.8
Stop Loss: 4310.9
Risk/Reward: 2.89:1

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Candlestick AnalysisEUROPE 50eurostoxx50ger40IndicesMultiple Time Frame AnalysisSupport and Resistance

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