Hi Traders , Took a short on EUR/USD after price rejected the top of the ascending channel.
Entry: 1.17545
Stop Loss: 1.18015
Take Profit: 1.17098
📌 Why I took this trade:
Price is showing rejection at the upper trendline + near resistance (R1). RSI is cooling off, so I’m expecting a move back to the demand zone around 1.1710.
Clean structure, low risk, good reward.
Just my take, not financial advice.
What do you think — continuation or rejection?
Entry: 1.17545
Stop Loss: 1.18015
Take Profit: 1.17098
📌 Why I took this trade:
Price is showing rejection at the upper trendline + near resistance (R1). RSI is cooling off, so I’m expecting a move back to the demand zone around 1.1710.
Clean structure, low risk, good reward.
Just my take, not financial advice.
What do you think — continuation or rejection?
Trade closed: target reached
🔥
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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.
🔥 Top indicators I personally use 👇
tinyurl.com/36vkfjm9
tinyurl.com/36vkfjm9
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.