EUR/USD trend is bearish for more read the caption...
Today's chart about EUR/USD analysis on a 4-hour timeframe, indicates a bearish trend with potential further downside movement:
1. Bearish Trend Channel:
The price is moving within a downward-sloping channel, highlighting consistent lower highs and lower lows.
2. Projected Price Movement:
A blue arrow suggests a continuation of the bearish trend toward the target area (highlighted in green) around 1.01000–1.02000.
3. Stop Loss (SL) Area:
A red box at 1.03270 marks the stop-loss zone, signaling where the trade would be exited if the price reverses upward unexpectedly.
4. Target Area:
The green zone below represents the anticipated target for the price drop, aligned with the overall trend.
The setup I have made shows a bearish sentiment, with traders likely aiming to capitalize on a continued price decline while managing risk using the stop-loss level.
Note: As always remember it is for educational purposes not a trading advice. Please follow, like and support us.
1. Bearish Trend Channel:
The price is moving within a downward-sloping channel, highlighting consistent lower highs and lower lows.
2. Projected Price Movement:
A blue arrow suggests a continuation of the bearish trend toward the target area (highlighted in green) around 1.01000–1.02000.
3. Stop Loss (SL) Area:
A red box at 1.03270 marks the stop-loss zone, signaling where the trade would be exited if the price reverses upward unexpectedly.
4. Target Area:
The green zone below represents the anticipated target for the price drop, aligned with the overall trend.
The setup I have made shows a bearish sentiment, with traders likely aiming to capitalize on a continued price decline while managing risk using the stop-loss level.
Note: As always remember it is for educational purposes not a trading advice. Please follow, like and support us.
Order cancelled
Market Changed its direction close the trades..
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.
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.