This is a EUR/USD (Euro/US Dollar) 1-hour timeframe technical analysis from FXCM, showing a sell trade setup with the following key details:
1. Entry Point: Around 1.05112, marked in yellow.
2. Stop Loss: Placed at 1.05690 (red zone), indicating the level where the trade will be exited if the price moves against the setup.
3. Target Level: 1.03978, shown in blue, representing the expected price drop and profit target.
4. Market Outlook: The analysis suggests a potential bearish move, with price expected to decline from the entry point, retrace slightly, and then drop further to hit the target.
5. Risk-Reward Ratio: The trade setup has a favorable risk-reward structure, with the potential reward being larger than the risk.
This setup is based on the expectation that EUR/USD will reverse from resistance and move downward, making it a short (sell) trade opportunity.
1. Entry Point: Around 1.05112, marked in yellow.
2. Stop Loss: Placed at 1.05690 (red zone), indicating the level where the trade will be exited if the price moves against the setup.
3. Target Level: 1.03978, shown in blue, representing the expected price drop and profit target.
4. Market Outlook: The analysis suggests a potential bearish move, with price expected to decline from the entry point, retrace slightly, and then drop further to hit the target.
5. Risk-Reward Ratio: The trade setup has a favorable risk-reward structure, with the potential reward being larger than the risk.
This setup is based on the expectation that EUR/USD will reverse from resistance and move downward, making it a short (sell) trade opportunity.
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
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.
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
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.