Euro / U.S. DollarShort
EURUSD ANALYSIS IS READY TO DOWN MOVE
This is a technical analysis of the EUR/USD currency pair on a 1-hour timeframe. The analysis suggests a potential short (sell) trade setup with a structured risk-reward strategy. Here’s a breakdown of the analysis:
1. Entry Zone: The price is currently approaching a key resistance level (around 1.04325-1.04348), where selling pressure is expected. A reversal from this zone is anticipated.
2. Stop Loss: Positioned above the resistance level at around 1.05030-1.05038, indicating a point where the trade would be invalidated if the price moves against the setup.
3. Target Levels: The analysis identifies two major support levels (around 1.03000 and 1.02016) as potential take-profit zones. The price is expected to follow a downward trajectory with pullbacks along the way.
4. Price Action and Confirmation:
Red arrows highlight previous sell points and resistance zones.
Blue arrows indicate key bounce points from support.
The yellow channel suggests a temporary bullish retracement before the expected drop.
5. Expected Price Movement:
A short position is anticipated after the price hits resistance.
A drop towards the first support level (1.03000) is expected.
A further decline to the final target at 1.02016 is projected.
This setup is based on market structure, resistance zones, and price action behavior, aiming for a high-probability short trade.
1. Entry Zone: The price is currently approaching a key resistance level (around 1.04325-1.04348), where selling pressure is expected. A reversal from this zone is anticipated.
2. Stop Loss: Positioned above the resistance level at around 1.05030-1.05038, indicating a point where the trade would be invalidated if the price moves against the setup.
3. Target Levels: The analysis identifies two major support levels (around 1.03000 and 1.02016) as potential take-profit zones. The price is expected to follow a downward trajectory with pullbacks along the way.
4. Price Action and Confirmation:
Red arrows highlight previous sell points and resistance zones.
Blue arrows indicate key bounce points from support.
The yellow channel suggests a temporary bullish retracement before the expected drop.
5. Expected Price Movement:
A short position is anticipated after the price hits resistance.
A drop towards the first support level (1.03000) is expected.
A further decline to the final target at 1.02016 is projected.
This setup is based on market structure, resistance zones, and price action behavior, aiming for a high-probability short trade.
Gold free signals
t.me/goldexpertzsignals767
for any help in forex
t.me/goldexpertzsignals767
t.me/goldexpertzsignals767
for any help in forex
t.me/goldexpertzsignals767
Gold free signals
t.me/goldexpertzsignals767
for any help in forex
t.me/goldexpertzsignals767
t.me/goldexpertzsignals767
for any help in forex
t.me/goldexpertzsignals767
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.