The Best Level to Short EURUSD TP +120/+240 pips
Updated
🔸Hello traders, let's review the 6hour chart for EURUSD today. As expected previously we are getting a normal bounce off the fresh demand zone
at 0800 currently closing on heavy overhead mirror s/r resistance.
🔸This setup falls in-line with my strategic outlook for EURUSD
which is targeting 0500, review via link:
🔸Key mirror S/R detected at 0925/0945, most likely further upside
is very limited in EURUSD so expecting fresh sell-side pressure and
reversal from the key s/r zone. Bears will target fresh demand zone
near 0700.
🔸Recommended strategy for EURUSD traders: focus on short selling high near 0925/0945 price cluster SL fixed at 40 pips TP1 +120 pips TP2 +240 pips final exit at 0700. Expecting rejection from overhead resistance and re-test of the mirror S/R level at 0700. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
at 0800 currently closing on heavy overhead mirror s/r resistance.
🔸This setup falls in-line with my strategic outlook for EURUSD
which is targeting 0500, review via link:
🔸Key mirror S/R detected at 0925/0945, most likely further upside
is very limited in EURUSD so expecting fresh sell-side pressure and
reversal from the key s/r zone. Bears will target fresh demand zone
near 0700.
🔸Recommended strategy for EURUSD traders: focus on short selling high near 0925/0945 price cluster SL fixed at 40 pips TP1 +120 pips TP2 +240 pips final exit at 0700. Expecting rejection from overhead resistance and re-test of the mirror S/R level at 0700. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
Trade active
+200 pips running PNL nowTrade closed: target reached
TP1 hit +120 pips TP2 hit +240 pips
congrats if you followed
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