In our latest EURUSD 4-hour trade update, we remain vigilant as the bearish divergence continues to unfold. We've executed a trade entry on the retest of the adjusted critical support range, now situated between 1.05657 and 1.05738.
Our first entry was made on the retest of the adjusted critical support range, now situated between 1.05657 and 1.05738. We entered our short position at 1.05696, implementing a prudent stop loss at 1.0646. This entry aligns with a 1:2 risk-reward ratio.
Recognizing the ongoing market dynamics, we've also entered a second short position at the same support range of 1.05657 to 1.05738. This entry, however, was made with aiming for a more favorable 1:3 risk-reward ratio.
As we navigate this dynamic market environment, we keep our focus sharp, aiming to maximize our trading potential in the ongoing battle between buyers and sellers.