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EURUSD H1: BEST Level to SHORT/HOLD TP +300(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as SHORT because I expect BEAR
reversal from overhead
🔸 Summary and potential trade setup
::: EURUSD 1hour/candle chart review
::: setup still valid as of right now
::: BEARS SHORT IT at market
::: getting overextended now
::: rising wedge in BEAR market
::: updated/revised outlook
::: 1100 heavy resistance overhead
::: shorting makes sense
::: FINAL TP BEARS is 0700/0750
::: SHORT from overhead resistance
::: for best results SHORT/HOLD
::: BEST ENTRY: near market price
::: BEARS will be taking over short-term
::: expecting correction / re-test of 0700
::: get ready to SHORT IT
::: best entry: near point of resistance
::: recommend to SHORT/HOLD AT MARKET
::: recommended strategy: SHORT/HOLD exit +300 pips
::: TP1 bears +150 pips TP2 bears +300 pips
::: final TP BEARS 0700
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 0700 fresh demand zone
::: 1100/1150 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/DUMP
::: Sentiment mid-term: BEARS/REVERAL
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.