EURUSD Update: Shorting Opportunity Identified
Trade Setup:
- Entry: Sell at 1.0797 (Retest Level)
- Target: Extended towards potential Bullish Harmonic Patterns setup
- Risk Management: Implementing trade management system for upsized trades
Analysis:
While many analysts are focused on the potential Bullish Butterfly Pattern and ABCD Pattern on the 4-hourly chart, my attention is on a shorting opportunity using a trade management system. I'm looking to short EURUSD upon another retest at 1.0797, aiming to extend my targets towards potential Bullish Harmonic Patterns setup.
Trade Management:
- Upsized Trades: Stretching Final Target to next pattern completion.
- Entry: Selling at the retest level of 1.0797.
- Targets: Extending targets beyond traditional levels towards potential Harmonic Patterns setup.
Risk Management:
- Always prioritize risk management to protect capital.
- Adjust position sizes to align with risk tolerance and trading strategy.
Your Thoughts?
Do you also see a shorting opportunity on EURUSD? Share your insights and trading strategies in the comments below!
👍 Like if you found this update helpful! Remember to conduct your own analysis before making any trading decisions. Trading involves risk.
- Entry: Sell at 1.0797 (Retest Level)
- Target: Extended towards potential Bullish Harmonic Patterns setup
- Risk Management: Implementing trade management system for upsized trades
Analysis:
While many analysts are focused on the potential Bullish Butterfly Pattern and ABCD Pattern on the 4-hourly chart, my attention is on a shorting opportunity using a trade management system. I'm looking to short EURUSD upon another retest at 1.0797, aiming to extend my targets towards potential Bullish Harmonic Patterns setup.
Trade Management:
- Upsized Trades: Stretching Final Target to next pattern completion.
- Entry: Selling at the retest level of 1.0797.
- Targets: Extending targets beyond traditional levels towards potential Harmonic Patterns setup.
Risk Management:
- Always prioritize risk management to protect capital.
- Adjust position sizes to align with risk tolerance and trading strategy.
Your Thoughts?
Do you also see a shorting opportunity on EURUSD? Share your insights and trading strategies in the comments below!
👍 Like if you found this update helpful! Remember to conduct your own analysis before making any trading decisions. Trading involves risk.
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