EURUSD BEARISH 1H - Sep 5

📢 Signal: SELL LIMIT EUR/USD 📉

Entry Price: 1.11146 🔍

TP1: 1.10830 🎯 (31 PiP TP)
TP2: 1.10503 🎯 (64 PiP TP)
TP3: 1.09869 🎯 (127 PiP TP)

SL: 1.11446 ⛔️ (30 PiP SL)

💡 Ensure proper risk management when following signals!
💬 Comment:
"
Rejection from Resistance: EUR/USD is approaching a well-defined resistance zone, suggesting a potential reversal as selling pressure increases.
Bearish Market Sentiment: Broader market conditions indicate a bearish outlook, providing additional confirmation for the sell limit strategy.
Entry Point Justification:

Strategic Sell Limit: The sell limit at 1.11146 is set to take advantage of the price bouncing off resistance, aiming to capture the move down once the price reaches this level.

Take Profit Targets:
TP1 (1.10830): A short-term target, designed to capture the initial downward movement following the rejection at resistance.
TP2 (1.10503): A medium-term target, aligned with a continuation of the downtrend as selling pressure builds.
TP3 (1.09869): A long-term target for maximizing gains if the bearish momentum extends, allowing for a deeper price retracement.

Stop Loss Justification:
SL at 1.11446: The stop loss is placed just above the resistance level to minimize potential losses if the price breaks through, while still allowing for typical market fluctuations."

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