The EUR/USD pair has reached a significant resistance zone near 1.14000, where sellers previously showed strong activity. On the 2-hour chart, price action has formed an overextended rally into a well-marked supply zone, signaling a potential short opportunity.
A rejection from this level could lead to a multi-leg correction toward key support zones.
Trade Setup:
Entry Zone (Sell): 1.13500 - 1.14000
Stop Loss: Above 1.14200
Target 1: 1.11405
Target 2: 1.09999
Final Target: 1.08000
Risk to Reward: Approx. 1:3+
Technical Outlook:
The price is approaching a historical resistance level.
A clear divergence is forming between price and momentum.
Multiple support levels are mapped out as potential profit-taking zones.
This setup favors a swing trade style approach.
Disclaimer:
This idea is for educational purposes only. Always conduct your own analysis and manage your risk accordingly.
A rejection from this level could lead to a multi-leg correction toward key support zones.
Trade Setup:
Entry Zone (Sell): 1.13500 - 1.14000
Stop Loss: Above 1.14200
Target 1: 1.11405
Target 2: 1.09999
Final Target: 1.08000
Risk to Reward: Approx. 1:3+
Technical Outlook:
The price is approaching a historical resistance level.
A clear divergence is forming between price and momentum.
Multiple support levels are mapped out as potential profit-taking zones.
This setup favors a swing trade style approach.
Disclaimer:
This idea is for educational purposes only. Always conduct your own analysis and manage your risk accordingly.
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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.
Upgrade Your Trading with Us
Get powerful Forex & Crypto signals, live analysis, and expert strategies — all shared directly on our Telegram Channel.
Join the community and trade smarter every day.👇👇
t.me/Liam_JonesCryptoFXTrader
Get powerful Forex & Crypto signals, live analysis, and expert strategies — all shared directly on our Telegram Channel.
Join the community and trade smarter every day.👇👇
t.me/Liam_JonesCryptoFXTrader
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.