EUR/USD Short on 5-Minute Timeframe: Targeting Downtrend
Actualizado
After a retracement to the 0.5 Fibonacci level, we are looking for a continuation of the downtrend on the EUR/USD pair. The target is to reach the 1.11000 area, where potential support may emerge. This trade is set on a 5-minute timeframe, aiming to capitalize on short-term bearish momentum.
Key Levels:
• Entry: Positioned after the retrace to the 0.5 Fibonacci level, near the upper resistance zone, aligning with the anticipated trend continuation.
• Target: 1.11000, a key level where support is expected.
• Stop-Loss: Placed above the recent high, beyond the 0.5 Fibonacci retracement level, to manage risk if the price reverses.
Rationale:
The retracement to the 0.5 Fibonacci level offers an ideal entry point for a short position, with the expectation that the downtrend will continue towards the 1.11000 target. The trade plan includes a tight stop-loss for effective risk management while pursuing the downside opportunity.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Key Levels:
• Entry: Positioned after the retrace to the 0.5 Fibonacci level, near the upper resistance zone, aligning with the anticipated trend continuation.
• Target: 1.11000, a key level where support is expected.
• Stop-Loss: Placed above the recent high, beyond the 0.5 Fibonacci retracement level, to manage risk if the price reverses.
Rationale:
The retracement to the 0.5 Fibonacci level offers an ideal entry point for a short position, with the expectation that the downtrend will continue towards the 1.11000 target. The trade plan includes a tight stop-loss for effective risk management while pursuing the downside opportunity.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Operación activa
We have now moved the stop-loss to break even, making this a risk-free trade. Great job to everyone who followed this setup and managed their positions effectively! Let’s see how the market develops from here.Operación cerrada: objetivo alcanzado
Target was reached successfully! Congratulations to everyone who took the trade and followed through. Great job!
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.