EUR/USD Short Setup – Bearish Rejection from Supply Zone (1H)
The Euro is showing signs of bearish pressure around a key supply zone near 1.1395. After a strong bullish rally, price tested the resistance multiple times but failed to break above, forming a potential **double top / distribution structure**.
🔻Trade Setup (Sell Bias):
Entry:** Around 1.1359
Stop Loss: Above supply zone at 1.1395
Take Profit: Targeting support near 1.1276
Risk/Reward Ratio:~2.3R
This setup aligns with supply-demand imbalance and price rejection from resistance. If price sustains below 1.1360, we could see bearish continuation toward the 1.1270 area.
🧠 Trade Idea:
Watch for strong bearish momentum or lower time frame confirmation before scaling in. Manage risk appropriately.
The Euro is showing signs of bearish pressure around a key supply zone near 1.1395. After a strong bullish rally, price tested the resistance multiple times but failed to break above, forming a potential **double top / distribution structure**.
🔻Trade Setup (Sell Bias):
Entry:** Around 1.1359
Stop Loss: Above supply zone at 1.1395
Take Profit: Targeting support near 1.1276
Risk/Reward Ratio:~2.3R
This setup aligns with supply-demand imbalance and price rejection from resistance. If price sustains below 1.1360, we could see bearish continuation toward the 1.1270 area.
🧠 Trade Idea:
Watch for strong bearish momentum or lower time frame confirmation before scaling in. Manage risk appropriately.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.