EUR/USD VIP Short Setup | Smart Money Move 🔥📉"
Chart Analysis:
Ascending Channel Breakdown: EUR/USD broke below a well-respected bullish channel, signaling a potential downtrend.
Retest & Resistance: Price is currently retesting the broken structure near 1.08565, a key resistance zone.
Sell Confirmation: The rejection at this level suggests bearish momentum.
Target: The next major support lies at 1.06513, aligning with previous price action levels.
Trading Plan:
✅ Entry: Around 1.08155 - 1.08565 (after rejection confirmation)
✅ Take Profit: 1.06513
✅ Stop-Loss: Above resistance for risk management
Summary: Smart money is eyeing this short trade after a strong bearish breakout. A retest of resistance gives a prime entry for sellers. 📉🔥
Chart Analysis:
Ascending Channel Breakdown: EUR/USD broke below a well-respected bullish channel, signaling a potential downtrend.
Retest & Resistance: Price is currently retesting the broken structure near 1.08565, a key resistance zone.
Sell Confirmation: The rejection at this level suggests bearish momentum.
Target: The next major support lies at 1.06513, aligning with previous price action levels.
Trading Plan:
✅ Entry: Around 1.08155 - 1.08565 (after rejection confirmation)
✅ Take Profit: 1.06513
✅ Stop-Loss: Above resistance for risk management
Summary: Smart money is eyeing this short trade after a strong bearish breakout. A retest of resistance gives a prime entry for sellers. 📉🔥
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.