EURUSD forecast looking for short,
This EUR/USD 30-minute chart presents a strategic short-selling opportunity based on a potential price reaction at a key resistance level. The analysis suggests that price may retrace upward into the Entry Zone (around 1.0476 – 1.0477) before reversing downward.
Trade Plan:
1. Entry: Anticipated within the marked Entry Zone, where price may face resistance.
2. Expected Movement: A rejection from this level could trigger a bearish trend, aligning with the overall market structure.
3. Take Profit Targets:
TP1 (First Target): 1.04318 – A potential short-term support level where partial profits can be secured.
Final Target: 1.03839 – A deeper target based on prior price action and key levels.
4. Stop-Loss: Positioned above the entry zone, managing risk effectively.
Key Insights:
The market structure suggests a lower high formation, supporting a bearish bias.
Liquidity may be grabbed in the entry zone before a downward continuation.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Trade Plan:
1. Entry: Anticipated within the marked Entry Zone, where price may face resistance.
2. Expected Movement: A rejection from this level could trigger a bearish trend, aligning with the overall market structure.
3. Take Profit Targets:
TP1 (First Target): 1.04318 – A potential short-term support level where partial profits can be secured.
Final Target: 1.03839 – A deeper target based on prior price action and key levels.
4. Stop-Loss: Positioned above the entry zone, managing risk effectively.
Key Insights:
The market structure suggests a lower high formation, supporting a bearish bias.
Liquidity may be grabbed in the entry zone before a downward continuation.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
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.