Trading Idea: Short Position on EURUSD 4H– 16th May 2025 Analysis
This chart illustrates a short position on EURUSD, in 4hour Time Frame near Resistance 1 with clear Stop loss above this zone. Because this is the potential place for reversal as well.
Overall, the market structure is bearish. However, it has reached the Fibonacci Retracement Level of 0.71, from the recent major breakout Swing and it too support. This is the time to check whether Resistance 1 will be taken out and market will turn bullish or if it fails at resistance 1 and continues the downtrend towards the target and then to key support area.
Analysis:
• Market Structure: The overall market structure is Bearish. However, previously, there was a good breakout from 8th April 2025.
• Fibonacci Level: Market Retraced to 0.71 of Fibonacci retracement level from 8th April Swing to recent Swing High.
• Trend Change: Might occur, if it can break above Resistance 1and sustains, then we can aim at breaking the other resistances and reaching the Target Area, i.e. recent Swing High.
Trade plan:
• Entry: Near 1.2553
• Stop Loss: 1.2935
• Take Profit: Around 1.1098
• Risk-Reward: 1:4
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
This chart illustrates a short position on EURUSD, in 4hour Time Frame near Resistance 1 with clear Stop loss above this zone. Because this is the potential place for reversal as well.
Overall, the market structure is bearish. However, it has reached the Fibonacci Retracement Level of 0.71, from the recent major breakout Swing and it too support. This is the time to check whether Resistance 1 will be taken out and market will turn bullish or if it fails at resistance 1 and continues the downtrend towards the target and then to key support area.
Analysis:
• Market Structure: The overall market structure is Bearish. However, previously, there was a good breakout from 8th April 2025.
• Fibonacci Level: Market Retraced to 0.71 of Fibonacci retracement level from 8th April Swing to recent Swing High.
• Trend Change: Might occur, if it can break above Resistance 1and sustains, then we can aim at breaking the other resistances and reaching the Target Area, i.e. recent Swing High.
Trade plan:
• Entry: Near 1.2553
• Stop Loss: 1.2935
• Take Profit: Around 1.1098
• Risk-Reward: 1:4
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
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.