Euro / U.S. DollarShort
Trade Idea: EUR/USD Short
EUR/USD is currently in a bearish trend, forming lower highs and lower lows. The price has recently retested a key resistance zone near 1.0310 and shown signs of rejection, indicating potential for further downside movement.
Entry: 1.0310
Stop Loss (SL): 1.0398
Take Profit (TP): 1.0104
As the trade progresses, price action should be monitored closely. Stop Loss adjustments can be made to break-even or to secure profits as the price approaches the TP level. This setup offers a favorable risk-to-reward ratio (RRR) of approximately 1:3, making it a sound trade from a risk management perspective. This trade setup is based on technical analysis, fundamental analysis, investor sentiment, and retail sentiment.
Entry: 1.0310
Stop Loss (SL): 1.0398
Take Profit (TP): 1.0104
As the trade progresses, price action should be monitored closely. Stop Loss adjustments can be made to break-even or to secure profits as the price approaches the TP level. This setup offers a favorable risk-to-reward ratio (RRR) of approximately 1:3, making it a sound trade from a risk management perspective. This trade setup is based on technical analysis, fundamental analysis, investor sentiment, and retail sentiment.
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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.