EURUSD: Bearish Signals Allow to Sell

The price broke SMA100 and bounced from the local downtrend line. It gave us a bearish signal. The market is going to keep the downside movement to 1.11000 support and SMA200. It is possible to search for selling opportunities using the 4H, 1H, 15m, and 5m timeframes. Stop orders must be placed above the downtrend line and the local swing highs. Profit targets can be based on the support levels and SMA200 from the 4H chart. Risk per trade must be no more than 1-2% from the trading capital.



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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.