Get started
Euro / U.S. Dollar
Short

EURUSD Selling Opportunity

By Forextrading_MV
Updated
A good selling opportunity for EURUSD. A bearish pin bar has formed from the above trendline on both daily and 4hr time frame. And the price has continuously rejected the trendline which has act as resistance. A sell stop is placed at 1.1345 once the current support (1.1360/50) breaks. SL is placed above the the trendline which is 1.1400. Profit target would be 1.1215 which is the next support level on daily time frame.
Trade active
Sell Stop opened at 1.1345
Trade closed: target reached
Target reached with 130 pips.
Chart PatternsTrend Analysis

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.