This chart is a technical analysis of the EUR/USD currency pair on a 30-minute timeframe, showing a trading plan with key levels:
1. Entry Point (Short Position): Around 1.13922, marked with a red downward arrow.
2. Stop Loss: Slightly above the green resistance zone (around 1.14000), where the trade would be exited if price moves against the position.
3. Take Profit Levels:
First target: Around 1.12887 (horizontal blue line), which seems to be a support level.
Second target: Around 1.12612, a deeper support level, suggesting a larger move downward.
The overall idea here is a bearish reversal strategy after a price rejection from a resistance zone, anticipating a move back down toward support.
Do you want help analyzing whether this setup makes sense in the current market context or would you like help creating a similar plan?
1. Entry Point (Short Position): Around 1.13922, marked with a red downward arrow.
2. Stop Loss: Slightly above the green resistance zone (around 1.14000), where the trade would be exited if price moves against the position.
3. Take Profit Levels:
First target: Around 1.12887 (horizontal blue line), which seems to be a support level.
Second target: Around 1.12612, a deeper support level, suggesting a larger move downward.
The overall idea here is a bearish reversal strategy after a price rejection from a resistance zone, anticipating a move back down toward support.
Do you want help analyzing whether this setup makes sense in the current market context or would you like help creating a similar plan?
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.
📲 Join telegram channel free ..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.