A large upward price movement (bullish trend) followed by a decline.
Support and Resistance Zones:
A support zone is marked at the lower levels where the price previously bounced.
A resistance zone is marked at the upper level where price struggled to break through.
Sell Signal & Price Prediction:
A red "Sell" label near a declining price trend, suggesting a short-selling opportunity.
The price is projected to drop towards the target area indicated in green.
A red downward arrow suggests bearish momentum.
Ichimoku Cloud Indicator: Partially visible, likely used to determine trend direction and momentum.
Fibonacci or Geometric Shapes: Circular and triangular shapes possibly representing price action patterns or retracement levels.
Entry & Target Levels:
An "Entry" label marks a suggested point for opening a short trade.
A "Target" label shows a lower price level where traders may take profit.
Overall, this is a technical analysis setup indicating a potential downtrend in the EUR/USD market after reaching resistance.
ITS NOT FINANCIAL ADVISE
Support and Resistance Zones:
A support zone is marked at the lower levels where the price previously bounced.
A resistance zone is marked at the upper level where price struggled to break through.
Sell Signal & Price Prediction:
A red "Sell" label near a declining price trend, suggesting a short-selling opportunity.
The price is projected to drop towards the target area indicated in green.
A red downward arrow suggests bearish momentum.
Ichimoku Cloud Indicator: Partially visible, likely used to determine trend direction and momentum.
Fibonacci or Geometric Shapes: Circular and triangular shapes possibly representing price action patterns or retracement levels.
Entry & Target Levels:
An "Entry" label marks a suggested point for opening a short trade.
A "Target" label shows a lower price level where traders may take profit.
Overall, this is a technical analysis setup indicating a potential downtrend in the EUR/USD market after reaching resistance.
ITS NOT FINANCIAL ADVISE
Trade active
40 pips runing
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.