EURUSD Analysis: A Potential Sell Setup for Smart Traders!
Updated
Hello traders!
Today, we'll be looking at the EURUSD pair and a possible sell opportunity.
As mentioned, we have a supply zone on the 4-hour chart where the market previously dropped twice, and trades failed to push the market further. Additionally, we have a bearish harmonic Bat pattern completing near the structure supply zone. This confluence of factors suggests a potential sell opportunity.
One possible way to enter this setup is to wait for the price to reach the supply zone and then look for a bearish reversal candlestick pattern or a break of the trend line to confirm the potential sell trade. Another possible way to enter is to place a limit order at the completion of the Bat pattern and wait for the price to reach the supply zone.
Remember to always manage your risk and use proper risk management techniques.
Good luck and happy trading!
Today, we'll be looking at the EURUSD pair and a possible sell opportunity.
As mentioned, we have a supply zone on the 4-hour chart where the market previously dropped twice, and trades failed to push the market further. Additionally, we have a bearish harmonic Bat pattern completing near the structure supply zone. This confluence of factors suggests a potential sell opportunity.
One possible way to enter this setup is to wait for the price to reach the supply zone and then look for a bearish reversal candlestick pattern or a break of the trend line to confirm the potential sell trade. Another possible way to enter is to place a limit order at the completion of the Bat pattern and wait for the price to reach the supply zone.
Remember to always manage your risk and use proper risk management techniques.
Good luck and happy trading!
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