Euro / U.S. DollarShort
EUR/USD at 1 hour frame..
It seems like My planning a EUR/USD trade. Here's a quick summary of your setup:
- *Sell Entry*: 1.04600
- *Target 1*: 1.03900
- *Target 2*: 1.03300
- *Resistance Zone*: 1.04800
### Key Points to Consider:
1. *Resistance Zone (1.04800)*: This level could act as a stop-loss area if the price moves against your trade. If the price breaks above this zone, it might invalidate your bearish outlook.
2. *Targets*: Your first target (1.03900) is a reasonable take-profit level, and the second target (1.03300) could be a stretch goal if the downtrend continues.
3. *Risk Management*: Ensure you have a proper stop-loss in place, ideally above the resistance zone (e.g., 1.04900 or higher, depending on your risk tolerance).
### Additional Tips:
- Monitor price action around the resistance zone (1.04800) for confirmation of a rejection or breakout.
- Keep an eye on economic news or events that could impact EUR/USD volatility.
Let me know if you'd like further analysis or assistance!
- *Sell Entry*: 1.04600
- *Target 1*: 1.03900
- *Target 2*: 1.03300
- *Resistance Zone*: 1.04800
### Key Points to Consider:
1. *Resistance Zone (1.04800)*: This level could act as a stop-loss area if the price moves against your trade. If the price breaks above this zone, it might invalidate your bearish outlook.
2. *Targets*: Your first target (1.03900) is a reasonable take-profit level, and the second target (1.03300) could be a stretch goal if the downtrend continues.
3. *Risk Management*: Ensure you have a proper stop-loss in place, ideally above the resistance zone (e.g., 1.04900 or higher, depending on your risk tolerance).
### Additional Tips:
- Monitor price action around the resistance zone (1.04800) for confirmation of a rejection or breakout.
- Keep an eye on economic news or events that could impact EUR/USD volatility.
Let me know if you'd like further analysis or assistance!
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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.
Related publications
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.