EUR/USD Trade Idea: Bearish Continuation Setup
EUR/USD has been maintaining a bearish trend on both the weekly and daily timeframes. Recently, after breaking the blue zone, price dumped sharply, hitting my first take profit (TP). However, it then retraced, stopping me out at breakeven (BE).
I have now re-entered around 1.03609, anticipating further downside movement. For those looking to enter, I recommend waiting for a retracement to at least the first yellow zone before taking a short position. The primary profit target remains at 1.00755.
This setup aligns with the overall bearish momentum, so patience and proper risk management are essential. Monitor price action carefully as we approach key levels.
Bearish bias remains strong—let's see how the market plays out!
I have now re-entered around 1.03609, anticipating further downside movement. For those looking to enter, I recommend waiting for a retracement to at least the first yellow zone before taking a short position. The primary profit target remains at 1.00755.
This setup aligns with the overall bearish momentum, so patience and proper risk management are essential. Monitor price action carefully as we approach key levels.
Bearish bias remains strong—let's see how the market plays out!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.