Euro / U.S. DollarShort
EURUSD - Trend Analysis - Trendline play
Timeframe: 4H
Trade Type: Sell
Entry Reason:
Entered short upon the flip of the 4-hour candle, showing rejection at the upward (green) trendline.
Price remains below the descending (red) trendline, signaling a potential continuation of bearish momentum.
Stop Loss:
Placed above the descending (red) trendline to account for dynamic protection against an upward breakout.
Take Profit:
Positioned at the lowest 4-hour resistance level before the visible gap, aiming for a key support target.
SL to Break-Even (BE):
Adjust stop loss to break-even at 1.05271, upon the break of the higher low.
Additional Notes:
Entry was made near a significant 4-hour resistance level, adding confluence for the bearish trade setup.
Price action and trendline interaction are being closely monitored to refine trade management.
Trade Type: Sell
Entry Reason:
Entered short upon the flip of the 4-hour candle, showing rejection at the upward (green) trendline.
Price remains below the descending (red) trendline, signaling a potential continuation of bearish momentum.
Stop Loss:
Placed above the descending (red) trendline to account for dynamic protection against an upward breakout.
Take Profit:
Positioned at the lowest 4-hour resistance level before the visible gap, aiming for a key support target.
SL to Break-Even (BE):
Adjust stop loss to break-even at 1.05271, upon the break of the higher low.
Additional Notes:
Entry was made near a significant 4-hour resistance level, adding confluence for the bearish trade setup.
Price action and trendline interaction are being closely monitored to refine trade management.
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