EUR/USD Short Trade Analysis and Updated Strategy
Hello traders! Here is the update of my short trade on the EUR/USD pair on the 15-minute time frame. I explain the key details, adjusted levels and analysis behind this setup.
Trade Details:
Entry: 1.0500
Stop-loss: 1.05223 (placed above the nearest resistance).
Take profit: 1.0480 (targeting the closest support level).
The price remains below key moving averages, confirming bearish momentum.
Clear rejection near resistance levels indicates strong selling pressure.
Support Level in Focus:
1.0480 serves as a significant support zone. This is my primary profit target, as it may act as a potential bounce area.
The RSI shows neutral levels, suggesting the price still has room to move downward before reaching oversold territory.
Stop-loss is set at 1.05223, just above the recent resistance, to account for potential volatility.
Take profit is placed at 1.0480, with the possibility of extending it to 1.0455 if the support is decisively broken.
Actively monitoring the 15-minute chart to track price behavior and make real-time adjustments if necessary.
If the price breaks below 1.0480, I may shift the take profit to the next key support at 1.0455 to capture additional downside potential.
This trade setup offers a 1:2 risk-reward ratio, making it a favorable opportunity while adhering to proper risk management practices.
Disclaimer:
This content is for educational and informational purposes only. It is not financial advice. Trading carries a high level of risk and may not be suitable for all investors. Always conduct your own analysis and use a risk management strategy before entering any trade.
Trade Details:
Entry: 1.0500
Stop-loss: 1.05223 (placed above the nearest resistance).
Take profit: 1.0480 (targeting the closest support level).
The price remains below key moving averages, confirming bearish momentum.
Clear rejection near resistance levels indicates strong selling pressure.
Support Level in Focus:
1.0480 serves as a significant support zone. This is my primary profit target, as it may act as a potential bounce area.
The RSI shows neutral levels, suggesting the price still has room to move downward before reaching oversold territory.
Stop-loss is set at 1.05223, just above the recent resistance, to account for potential volatility.
Take profit is placed at 1.0480, with the possibility of extending it to 1.0455 if the support is decisively broken.
Actively monitoring the 15-minute chart to track price behavior and make real-time adjustments if necessary.
If the price breaks below 1.0480, I may shift the take profit to the next key support at 1.0455 to capture additional downside potential.
This trade setup offers a 1:2 risk-reward ratio, making it a favorable opportunity while adhering to proper risk management practices.
Disclaimer:
This content is for educational and informational purposes only. It is not financial advice. Trading carries a high level of risk and may not be suitable for all investors. Always conduct your own analysis and use a risk management strategy before entering any trade.
Dagangan ditutup: hentian tercapai
We did poorly, we will look for new opportunities to recover 😪
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Get Access To The Worlds Most Profitable Trading Indicators here: tinyurl.com/4d3389mc
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.