Hello traders,
The EURUSD chart shows a clear sell setup as it approaches a previous resistance zone. Additionally, on the 4-hour timeframe, we can see a strong supply level which adds more confluence to the sell setup.
To trade this setup, we will wait for a bearish confirmation such as a double top or a bearish engulfing pattern. Once we have a confirmation, we can look for a sell entry with a stop loss above the resistance zone.
Remember to always manage your risk and use proper risk management techniques. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful!
thank you all
The EURUSD chart shows a clear sell setup as it approaches a previous resistance zone. Additionally, on the 4-hour timeframe, we can see a strong supply level which adds more confluence to the sell setup.
To trade this setup, we will wait for a bearish confirmation such as a double top or a bearish engulfing pattern. Once we have a confirmation, we can look for a sell entry with a stop loss above the resistance zone.
Remember to always manage your risk and use proper risk management techniques. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful!
thank you all
Trade closed: target reached
130 pips enjoy 
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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.