This chart is a EUR/USD (Euro/US Dollar) 30-minute candlestick trading setup:
Chart Analysis Description:
Overall Trend:
The chart shows a prior strong bearish (downward) trend, followed by a short-term bullish (upward) correction.
Entry Zone:
The marked "entry zone" represents the trader's expected area to enter a sell (short) position. This is just below the 1.14480 resistance level.
Price Action:
The price has moved into the entry zone.
The chart indicates a potential rejection from this area, signaling a reversal to the downside.
Expected Trade Plan:
Sell Entry: Within the entry zone.
Stop Loss: Above 1.14480 (top of red area).
Take Profit (Target): Around 1.13176 (marked with an arrow toward the support zone).
Risk-Reward:
The setup reflects a favorable risk-to-reward ratio, aiming for a larger drop in price relative to the small risk above resistance.
Chart Analysis Description:
Overall Trend:
The chart shows a prior strong bearish (downward) trend, followed by a short-term bullish (upward) correction.
Entry Zone:
The marked "entry zone" represents the trader's expected area to enter a sell (short) position. This is just below the 1.14480 resistance level.
Price Action:
The price has moved into the entry zone.
The chart indicates a potential rejection from this area, signaling a reversal to the downside.
Expected Trade Plan:
Sell Entry: Within the entry zone.
Stop Loss: Above 1.14480 (top of red area).
Take Profit (Target): Around 1.13176 (marked with an arrow toward the support zone).
Risk-Reward:
The setup reflects a favorable risk-to-reward ratio, aiming for a larger drop in price relative to the small risk above resistance.
Trade active
target 1 done 40+ pips make sure to break even.
Trade closed: target reached
final target 100+ pips done.
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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.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
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.