A new SELL signal has emerged on the EUR/USD chart, signaling potential downward movement.
SELL Signal: Activated at 1.16500 after price tapped into a supply zone and rejected from a weak high, indicating a potential short-term reversal.
TP Zones:
TP1: 1.14881
TP2: 1.14284
Final TP: 1.13688
This setup offers a potential profit range of 160 to 280 pips.
Market Structure: Price is reacting strongly from the supply area and failing to break the weak high. With bearish momentum building, price may continue down toward the imbalance and demand zones.
Remember to manage your trades carefully and ensure this setup fits your overall strategy. Stay sharp and trade responsibly!
SELL Signal: Activated at 1.16500 after price tapped into a supply zone and rejected from a weak high, indicating a potential short-term reversal.
TP Zones:
TP1: 1.14881
TP2: 1.14284
Final TP: 1.13688
This setup offers a potential profit range of 160 to 280 pips.
Market Structure: Price is reacting strongly from the supply area and failing to break the weak high. With bearish momentum building, price may continue down toward the imbalance and demand zones.
Remember to manage your trades carefully and ensure this setup fits your overall strategy. Stay sharp and trade responsibly!
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.