EURAUD SELL SHORT
👉🏻 Market cycles are the essence of trading, and recognizing them can give you an edge. 📉 The chart presents a compelling setup for a short trade on the EUR/AUD pair, demonstrating the cyclical nature of the market.
📌 Pattern Analysis: The recent price action shows a significant peak followed by a sharp decline, signaling a potential reversal from the previous bullish trend. The price has broken below a key support level, now turned resistance, confirming the bearish momentum. The current consolidation near the 1.6465 level appears to be forming a continuation pattern, likely leading to further downside.
📌 Next Move: The projected move indicates a strong potential for further declines, with a target zone around 1.6050, as indicated by the green area. The blue arrow outlines the expected path, anticipating a continuation of the downtrend.
📉 Risk Management: The stop-loss is strategically placed above the recent high near 1.6759, providing a favorable risk/reward ratio. This setup is ideal for traders looking to capitalize on the continuation of the bearish trend with a well-calculated entry.
👉🏻 Conclusion: Capital preservation remains the priority. By aligning with the current market sentiment and trend, this short trade setup offers a clear opportunity for profit. As always, patience and strict adherence to your trading plan are vital.
📩 If you have any questions or want to discuss this analysis further, leave a comment or send us a message. We’re here to help! 😃
📌 Pattern Analysis: The recent price action shows a significant peak followed by a sharp decline, signaling a potential reversal from the previous bullish trend. The price has broken below a key support level, now turned resistance, confirming the bearish momentum. The current consolidation near the 1.6465 level appears to be forming a continuation pattern, likely leading to further downside.
📌 Next Move: The projected move indicates a strong potential for further declines, with a target zone around 1.6050, as indicated by the green area. The blue arrow outlines the expected path, anticipating a continuation of the downtrend.
📉 Risk Management: The stop-loss is strategically placed above the recent high near 1.6759, providing a favorable risk/reward ratio. This setup is ideal for traders looking to capitalize on the continuation of the bearish trend with a well-calculated entry.
👉🏻 Conclusion: Capital preservation remains the priority. By aligning with the current market sentiment and trend, this short trade setup offers a clear opportunity for profit. As always, patience and strict adherence to your trading plan are vital.
📩 If you have any questions or want to discuss this analysis further, leave a comment or send us a message. We’re here to help! 😃
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.