Potential Short Entry for EUR/USD
D1 shows the overall trend is still up.
However, in H1, price is breaking down MA200 and major support area 1.11951-1.12065.
Currently, price is bouncing up back slightly above this area.
Watch carefully, if price reverses back down below this area, short the market.
With Stop Loss 21 pips and Target Profit 61 pips, the potential trades offers 2.90 Risk-To-Reward Ratio.
Trade active
1R target reached so far. Close partial position and keep the rest...
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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.
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.