This is a 1-hour chart of EUR/USD (Euro/US Dollar) from TradingView, showing a potential short (sell) setup. Here’s what it indicates:
1. Uptrend Channel – The price has been moving in a strong bullish trend within the blue ascending channel.
2. Potential Reversal Zone – The price has reached a key resistance level near 1.08730, marked by the red zone (potential stop-loss area).
3. Short Setup – The trader expects a bearish move, as shown by the blue arrows, targeting a drop toward 1.04812 (marked by the black horizontal line).
4. Risk-Reward Balance – The red area represents the stop-loss zone, while the green area is the expected profit target.
This suggests the trader is anticipating a trend reversal or pullback after an extended bullish run. Do you want to share this setup on your channel?
1. Uptrend Channel – The price has been moving in a strong bullish trend within the blue ascending channel.
2. Potential Reversal Zone – The price has reached a key resistance level near 1.08730, marked by the red zone (potential stop-loss area).
3. Short Setup – The trader expects a bearish move, as shown by the blue arrows, targeting a drop toward 1.04812 (marked by the black horizontal line).
4. Risk-Reward Balance – The red area represents the stop-loss zone, while the green area is the expected profit target.
This suggests the trader is anticipating a trend reversal or pullback after an extended bullish run. Do you want to share this setup on your channel?
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.
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.