EUR/USD Analysis - Short Opportunity

29 Nov

The EUR/USD pair has reached a weak high near 1.0598, suggesting potential exhaustion of bullish momentum. Key levels and patterns indicate a possible short setup:

Change of Character (ChoCH): Signs of a shift in market structure to the downside, as seen in recent rejections.
Bearish Order Block: Price is testing a supply zone, aligning with a short-term bearish bias.
Liquidity Zones: The area near 1.0547 and 1.0530 offers targets for a potential downward move, as these zones may attract price action.
Risk Zone: Stop-loss placement above the weak high around 1.0598 to protect against unexpected bullish continuation.
Plan: Consider shorting at current levels or on a slight pullback, targeting the lower zones (1.0547, 1.0530). Ensure tight risk management to navigate potential volatility.

Let me know if you have any questions!

1 Dis

Dagangan aktif

The setup looks ever more promising after Trump's tweet talking about BRIKS

2 Dis

Dagangan ditutup: sasaran tercapai

Take Profit reached