The chart you uploaded shows a EUR/USD (Euro/U.S. Dollar) 1-hour candlestick chart from TradingView.
Key elements of the chart:
1. Current Price: The current price is marked at approximately 1.13507.
2. Stop Loss (SL): Set at 1.13780, indicating the point where the trader plans to exit the trade if the price moves unfavorably.
3. Target: Set at 1.13150, marking the expected or desired price level for profit-taking.
4. Trend Indication: The chart shows a potential downward move (indicated by the red zigzag arrow), suggesting a bearish sentiment after a slight pullback.
5. Support Zone: A gray shaded area around the target level, indicating a potential support zone or take-profit area.
This setup indicates a short (sell) trade with a stop loss above a resistance level and a target at a previous support level.
Would you like an analysis of this trading strategy or insights into the potential risks and rewards?
Key elements of the chart:
1. Current Price: The current price is marked at approximately 1.13507.
2. Stop Loss (SL): Set at 1.13780, indicating the point where the trader plans to exit the trade if the price moves unfavorably.
3. Target: Set at 1.13150, marking the expected or desired price level for profit-taking.
4. Trend Indication: The chart shows a potential downward move (indicated by the red zigzag arrow), suggesting a bearish sentiment after a slight pullback.
5. Support Zone: A gray shaded area around the target level, indicating a potential support zone or take-profit area.
This setup indicates a short (sell) trade with a stop loss above a resistance level and a target at a previous support level.
Would you like an analysis of this trading strategy or insights into the potential risks and rewards?
Trade closed: target reached
EURUSD Target Successfully Archived.
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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.
XAUUSD GOLD + BTCUSD Daily 5-6 Free Signals📊🚀
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
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.