EURUSD SHORT TRADE IDEA.This chart shows a bearish trade setup for the EUR/USD currency pair on the 30-minute timeframe. Here's a breakdown of the analysis and key elements:
Key Zones and Labels:
Entry Zone:
A highlighted zone between 1.13838 and 1.13979. This is where the trader anticipates entering a short (sell) position, expecting a reversal to the downside.
Stop Loss Zone:
The above the entry zone, with a clear stop loss level marked around 1.14180. This protects against further upward movement if the market does not reverse.
Target Zone (Take Profit):
The area, targeting a significant drop in price down to 1.12928 (with a mid-point around 1.13176). This indicates a favorable risk-to-reward ratio.
Expected Movement:
The chart suggests that the price may rise slightly into the entry zone, then reverse sharply downwards toward the take profit target.
From the entry zone → sharp decline → target at 1.12928
