Euro / U.S. DollarShort
EURUSD Bearish Reversal Opportunity
EURUSD is facing Bearish momentum from a key resistance zone. A potential Bearish reversal seems in play as the price action has tested the previous Higher Low.
Bears may eventually face a strong support zone around 1.09157 till 1.08576. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 1.1092 OR Mkt Price
Stop Loss @ 1.12240
TP1 @ 1.0960
TP2 @ 1.0828
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
Bears may eventually face a strong support zone around 1.09157 till 1.08576. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 1.1092 OR Mkt Price
Stop Loss @ 1.12240
TP1 @ 1.0960
TP2 @ 1.0828
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
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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.