The chart you’ve shared is a EUR/USD (Euro/U.S. Dollar) 30-minute timeframe setup, and it suggests a short (sell) trading idea within a descending triangle or channel pattern. Here's a breakdown:
Chart Analysis:
Price Pattern: Sideways/descending triangle pattern with lower highs and consistent support around 1.12619.
Current Price: Around 1.13708.
Trade Setup:
Entry: Near the top of the channel (where it is currently).
Take Profit (TP): Near the lower support line (around 1.12619).
Stop Loss (SL): Above the recent highs, near the upper trendline (~1.14165).
Implication:
The trader anticipates a price rejection at the upper trendline
Chart Analysis:
Price Pattern: Sideways/descending triangle pattern with lower highs and consistent support around 1.12619.
Current Price: Around 1.13708.
Trade Setup:
Entry: Near the top of the channel (where it is currently).
Take Profit (TP): Near the lower support line (around 1.12619).
Stop Loss (SL): Above the recent highs, near the upper trendline (~1.14165).
Implication:
The trader anticipates a price rejection at the upper trendline
Trade active
ACTIVE TRADE
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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.
📲 Join telegram channel free ..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.