EUR/USD 15-Minute Chart Analysis
Market Overview:
Current Price: 1.09154
Recent High: 1.09283 (Price rejected from this level)
Volume: 2.91K (Moderate trading activity)
Key Levels:
Resistance: 1.09283 (Strong rejection zone)
Support Levels:
1.09000 (Psychological level)
1.08877 (Major support & target area)
Trade Setup:
Bias: Bearish (Potential reversal after strong upward move)
Entry: Below 1.09100 after confirmation
Take Profit Levels:
TP1: 1.09000
TP2: 1.08900
TP3: 1.08877
Trade Confirmation:
A break and retest of 1.09100 as resistance will confirm bearish momentum.
If price fails to break below 1.09100, bulls might regain control.
Risk Management:
Stop Loss: Above 1.09283 (To protect against a breakout)
Risk-to-Reward: Favorable, as price is showing early signs of reversal.
Conclusion:
Bearish rejection at 1.09283 suggests a possible short trade opportunity.
Wait for price action confirmation below 1.09100 before entering.
Watch volume and momentum for further confirmation of direction.
Market Overview:
Current Price: 1.09154
Recent High: 1.09283 (Price rejected from this level)
Volume: 2.91K (Moderate trading activity)
Key Levels:
Resistance: 1.09283 (Strong rejection zone)
Support Levels:
1.09000 (Psychological level)
1.08877 (Major support & target area)
Trade Setup:
Bias: Bearish (Potential reversal after strong upward move)
Entry: Below 1.09100 after confirmation
Take Profit Levels:
TP1: 1.09000
TP2: 1.08900
TP3: 1.08877
Trade Confirmation:
A break and retest of 1.09100 as resistance will confirm bearish momentum.
If price fails to break below 1.09100, bulls might regain control.
Risk Management:
Stop Loss: Above 1.09283 (To protect against a breakout)
Risk-to-Reward: Favorable, as price is showing early signs of reversal.
Conclusion:
Bearish rejection at 1.09283 suggests a possible short trade opportunity.
Wait for price action confirmation below 1.09100 before entering.
Watch volume and momentum for further confirmation of direction.
Trade active
Timeframe: 15-Minute ChartAnalysis:
Price reached a key resistance level and formed a rejection (red circle).
A short trade setup is identified with a stop loss above resistance (red zone).
Take Profit Levels:
Note
TP2: Stronger support zoneTrade closed: target reached
It looks like you meant "target hit", meaning the price has reached the expected take profit level. If that’s the case, congratulations on a successful trade! 🎯✅
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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.
Related publications
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.