Key Features:
- **Current Price:** **1.08394**
- **Projected Movement:** A downward trend with price fluctuations, ultimately aiming for the **target at 1.07800**.
- **Entry Zone:** Price is currently near **1.08400**, with a projection that it will move lower.
- **Stop-Loss (SL):** **1.08670** (marked in red), indicating the risk level if the trade goes against expectations.
- **Target:** **1.07800** (marked in gray), showing the expected profit level.
- **Risk-Reward Box:** The **green shaded area** represents the potential profit zone, while the **orange zone** at the top represents the stop-loss area.
This chart suggests a **bearish outlook**, indicating that traders expect the price to decline towards **1.07800** after a possible pullback.
- **Current Price:** **1.08394**
- **Projected Movement:** A downward trend with price fluctuations, ultimately aiming for the **target at 1.07800**.
- **Entry Zone:** Price is currently near **1.08400**, with a projection that it will move lower.
- **Stop-Loss (SL):** **1.08670** (marked in red), indicating the risk level if the trade goes against expectations.
- **Target:** **1.07800** (marked in gray), showing the expected profit level.
- **Risk-Reward Box:** The **green shaded area** represents the potential profit zone, while the **orange zone** at the top represents the stop-loss area.
This chart suggests a **bearish outlook**, indicating that traders expect the price to decline towards **1.07800** after a possible pullback.
Trade active
**Current Status of the EUR/USD Trade Setup** - **Price at the time of analysis:** **1.08394**
- **Trade Direction:** **Bearish (Sell setup)**
- **Entry Area:** Around **1.08400**
- **Stop-Loss (SL):** **1.08670** (above resistance)
- **Target:** **1.07800** (downside goal)
- **Trade Progress:**
- The price is still near the entry zone.
- If the price moves downward, the trade setup is playing out as expected.
- If the price rises and hits **1.08670**, the trade will be stopped out.
**Next Steps:**
- **If the price drops below 1.08300**, it may confirm further downside momentum.
- **If it breaks above 1.08670**, the setup is invalidated, and traders should reconsider their strategy.
Note
Bearish trend continuation: The price is following a downtrend.Entry & Short Position: The chart suggests a short setup with a stop-loss (SL) at 1.08670.
Target Level: The expected price move is toward 1.07800, and the price has reached around 80% of the target so far.
Potential Rejection & Consolidation: A pullback might occur before further downside movement.
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Join my telegram channel free
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Join my referal broker link
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t.me/usa_uae_xauusd_trader
Join my referal broker link
one.exnesstrack.org/a/mcl4ue398y?source=app
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.