Sell EUR/USD Bearish Channel
Updated
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0700, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0653
2nd Support – 1.0634
Stop-Loss: To manage risk, place a stop-loss order above 1.0730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0700, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0653
2nd Support – 1.0634
Stop-Loss: To manage risk, place a stop-loss order above 1.0730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Trade active
Comment
High Impact News :EUR - France Inflation Rate - in next 30 mins.
USD - PCE Price Index in next 6 hours.
👉👉 Join My Telegram Channel :
✳️✳️ Free Forex Signals & Technical Chart : telegram.me/kabhifx
📞📞Whatsapp me @ (+91) 97888-12123
✳️✳️ Free Forex Signals & Technical Chart : telegram.me/kabhifx
📞📞Whatsapp me @ (+91) 97888-12123
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.