We’re closely monitoring EUR/USD on the 1-hour chart.
🔻 Trend: Bearish
📉 Price action is clearly forming a series of Lower Highs (LH) and Lower Lows (LL) — a textbook downtrend.
🔎 Divergence: None observed, confirming trend strength.
📊 Current Action: Market is in a retracement phase.
We’ve used Fibonacci retracement, and price has now reached the 38.2% level, a key reversal zone. Based on this, we’ve entered a market sell position.
📌 Trade Setup:
🔹 Entry: Instant Sell @ 1.17302
🔹 Stop Loss: 1.17633
🔹 Take Profit 1: 1.17025
🔹 Take Profit 2: 1.16754
🔹 Risk/Reward: 1:1 and 1:2
🔹 Lot Size: 0.38
🔹 Risk: $200
🔹 Reward: $200 (TP1), $400 (TP2)
⚠️ Bias: Bearish
📍 This trade setup follows strict risk management principles and is based on solid technical confluence.
📈 Let’s see how the price reacts at the key Fib level. Always trade responsibly.
#EURUSD #ForexTrading #BearishSetup #FibonacciTrading #RiskManagement #PriceAction #TradingViewIdeas
🔻 Trend: Bearish
📉 Price action is clearly forming a series of Lower Highs (LH) and Lower Lows (LL) — a textbook downtrend.
🔎 Divergence: None observed, confirming trend strength.
📊 Current Action: Market is in a retracement phase.
We’ve used Fibonacci retracement, and price has now reached the 38.2% level, a key reversal zone. Based on this, we’ve entered a market sell position.
📌 Trade Setup:
🔹 Entry: Instant Sell @ 1.17302
🔹 Stop Loss: 1.17633
🔹 Take Profit 1: 1.17025
🔹 Take Profit 2: 1.16754
🔹 Risk/Reward: 1:1 and 1:2
🔹 Lot Size: 0.38
🔹 Risk: $200
🔹 Reward: $200 (TP1), $400 (TP2)
⚠️ Bias: Bearish
📍 This trade setup follows strict risk management principles and is based on solid technical confluence.
📈 Let’s see how the price reacts at the key Fib level. Always trade responsibly.
#EURUSD #ForexTrading #BearishSetup #FibonacciTrading #RiskManagement #PriceAction #TradingViewIdeas
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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.