EUR/USD_SPT - EUR/USD forum
EURUSD Intraday Sell Trade Setup for EUR/USD (Entry Price: 1.05942)Trade Setup: Sell EUR/USD
Trade Idea: Sell EUR/USD near 1.05942 (Resistance Zone)
Reason for Entry: The current price is approaching the 50% Fibonacci retracement level near 1.05942, which aligns with a strong resistance zone. This level has shown previous rejection points, suggesting that sellers may enter at this price point. Additionally, the 50% Fibonacci retracement is often a key reversal area in trending markets. Given these factors, the 1.05942 level presents an ideal entry point for a short position.
Trade Entry: 1.05942
Stop Loss: 1.0620 (above the 50% Fibonacci level, providing room for minor market fluctuations)
Take Profit 1 (TP1): 1.0530 (near the 61.8% Fibonacci retracement, which is a strong support zone)
Take Profit 2 (TP2): 1.0500 (next major support level)
Key Levels Recap:
Resistance Zone: 1.05942 (50% Fibonacci retracement)
Support Levels: 1.0530 (61.8% Fibonacci retracement), 1.0500 (next support level)
Summary of Trade Idea:
Sell Setup: Enter near 1.05942, targeting 1.0530 and 1.0500. Stop loss at 1.0620.
This trade setup is based on the confluence of the 50% Fibonacci retracement and a strong resistance zone identified from price action. Always ensure to monitor price behavior around this level for confirmation of the trend reversal.
EURUSD Intraday call Eurusd and Gbpusd….Book full profit sell call....
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EURUSD I welcome any questions or differing opinions you might have. The market is designed to be fair, and with the right analytical skills, you can achieve profitable outcomes. However, without a solid understanding, losses may occur. While some may see short-term success through luck, sustainable profits rely on thorough market analysis. Please don’t hesitate to reach out if you need clarification—I’m here to support you!Trade Setup : Sell
Trade Entry: 1.0605
Stop Loss: 1.0620
Take Profit 1: 1.0590
Take Profit 2: 1.0580
Reason for Entry: The price is near a significant resistance level, suggesting a potential reversal point in line with daily market trends, where sellers may take control.
EURUSD I invite you to share any questions or concerns you may have. The market operates on principles of fairness, and with effective analysis, profitability is achievable. Yet, without understanding, losses can occur. Short-term luck may favor some, but reliable profits depend on accurate market insights. Don’t hesitate to reach out if you need assistance!Trade Idea: Sell
Entry Price: 1.0695
Stop Loss: 1.0715
Take Profit 1: 1.0670
Take Profit 2: 1.0650
Short Reason for Entry: The market is encountering resistance near this level, supported by bearish signals on the daily chart, indicating potential downward movement.
EURUSD Identifying swing levels in trading is crucial for pinpointing potential reversal points in the market. Swing levels are generally marked by the peaks and troughs on a price chart, indicating areas where the price has shifted direction. Traders can locate these levels by examining historical price movements and identifying significant highs and lows that reflect changes in market sentiment. By marking these levels on a chart, traders can gain valuable insights into where future price movements may occur, leading to more informed trading decisions.One effective technique for detecting swing levels is to utilize technical analysis tools like trendlines and moving averages. Trendlines help illustrate the overall market direction, while moving averages smooth out price data to highlight trends over specific timeframes. When used together, these tools can uncover key swing levels, as they often coincide with support and resistance areas. Additionally, traders should monitor volume spikes at these levels, as increased trading activity can indicate stronger conviction behind a price movement.
Another method for identifying swing levels is through Fibonacci retracement levels. This technique involves drawing horizontal lines at key Fibonacci percentages (such as 23.6%, 38.2%, 50%, 61.8%, and 100%) between significant highs and lows. These levels frequently align with swing points and can serve as potential reversal zones. By combining various methods, such as trend analysis and Fibonacci retracements, traders can enhance their ability to detect swing levels, ultimately improving their timing and execution in the market.
EURUSD EURUSD EURUSD If you have any concerns or alternative viewpoints, I encourage you to share them. The market operates on fairness, and those who can analyze it effectively can find success. Conversely, a lack of familiarity can lead to losses. While luck may yield temporary gains for some, lasting profitability stems from accurate analysis. I’m here to assist you, so feel free to ask any questions!Trade Sell: Setup
Entry Price: 1.08330
Stop Loss: 1.08500
Take Profit 1: 1.08000
Take Profit 2: 1.07800
Reason for Entry: The entry price aligns with key resistance levels identified through daily Fibonacci retracement analysis. Current market conditions indicate a potential reversal, suggesting that this is a favorable point to enter a short position.
EURUSD If anyone has doubts (or) disagrees with my viewpoint, please let me know. The market functions fairly, and if you have the ability to analyze it well, you can make a profit. However, if you're not familiar with the market, you're more likely to face losses. While some people may enjoy short-term success due to luck, that luck is not always reliable. To achieve consistent profits, precise market analysis is crucial. If you have any questions or need clarification, don’t hesitate to ask—I’m here to assist!Trade Setup : Sell
Trade Entry: 1.0760
Stop Loss: 1.0775
Take Profit 1: 1.0750
Take Profit 2: 1.0740
Reason for Entry: The price is nearing a strong resistance level at 1.0770, which aligns with the 50% Fibonacci retracement level. A bearish reversal signal indicates a high probability of a price decline from this level.
EURUSD If anyone have doubts (or) not agree with my view point please let me know.Trade Setup: Sell
Trade Entry: 1.07550
Stop Loss: 1.07650
Take Profit 1: 1.07400
Take Profit 2: 1.07300
Reason for Entry: The price is nearing a strong resistance level at 1.0760, which aligns with the 50% Fibonacci retracement level. A bearish reversal signal indicates a high probability of a price decline from this point.
EURUSD If anyone have doubts (or) not agree with my view point please let me know.Trade Idea: Buy
Trade Entry: 1.0892
Stop Loss: 1.0870
Take Profit 1: 1.0910
Take Profit 2: 1.0930
Reason for Entry: The price is approaching a strong daily support level at 1.0880, which aligns with the 61.8% Fibonacci retracement level, indicating potential upward momentum.