EUR/USD - Possible Retracement Setup
The EUR/USD is trading in an ascending channel on the 15-min timeframe, with clear higher highs (HH) and higher lows (LL). The recent rejection near 1.0528 suggests a possible move toward channel support at 1.0397.
Trading Plan
Short (Sell):
Entry: Near 1.0528 rejection.
Target: 1.0397 (channel support).
Stop Loss: Above 1.0535.
Long (Buy):
Entry: Around 1.0397 (support).
Target: 1.0528.
Stop Loss: Below 1.0385.
Disclaimer:
This is for educational purposes only, not financial advice. Trade responsibly.
Trading Plan
Short (Sell):
Entry: Near 1.0528 rejection.
Target: 1.0397 (channel support).
Stop Loss: Above 1.0535.
Long (Buy):
Entry: Around 1.0397 (support).
Target: 1.0528.
Stop Loss: Below 1.0385.
Disclaimer:
This is for educational purposes only, not financial advice. Trade responsibly.
Trade closed: target reached
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.