EUR/USD Short Trade Plan
The idea is to short EUR/USD from a high resistance zone, anticipating a price rejection and reversal.
Key Trade Levels:
Resistance Zone (Entry Area): The market has reached a strong resistance zone between 1.08498 and 1.08992, making it an ideal entry area for short trades.
Stop Loss: Placed above the resistance at 1.10368 to minimize risk in case of a breakout.
Take Profit Levels:
TP1: 1.06943 (First level of expected support)
TP2: 1.06655 (Deeper support level)
TP3: 1.05785 - 1.05654 (Strong support zone)
Market Outlook & Strategy:
Bearish Bias: The recent sharp upward move suggests exhaustion, making a pullback likely.
Confirmation: A rejection from the resistance zone will provide confirmation before entering short trades.
Risk Management: A controlled risk-to-reward ratio with a stop loss above the resistance ensures a calculated approach.
This trade aims to capitalize on a potential reversal after a strong bullish rally, targeting key support levels for profit-taking.
EURUSD EURUSD EURUSD EURUSD
The idea is to short EUR/USD from a high resistance zone, anticipating a price rejection and reversal.
Key Trade Levels:
Resistance Zone (Entry Area): The market has reached a strong resistance zone between 1.08498 and 1.08992, making it an ideal entry area for short trades.
Stop Loss: Placed above the resistance at 1.10368 to minimize risk in case of a breakout.
Take Profit Levels:
TP1: 1.06943 (First level of expected support)
TP2: 1.06655 (Deeper support level)
TP3: 1.05785 - 1.05654 (Strong support zone)
Market Outlook & Strategy:
Bearish Bias: The recent sharp upward move suggests exhaustion, making a pullback likely.
Confirmation: A rejection from the resistance zone will provide confirmation before entering short trades.
Risk Management: A controlled risk-to-reward ratio with a stop loss above the resistance ensures a calculated approach.
This trade aims to capitalize on a potential reversal after a strong bullish rally, targeting key support levels for profit-taking.
EURUSD EURUSD EURUSD EURUSD Trade active
t.me/scalpooo
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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.
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.