Thesis: EUR/USD is showing signs of exhaustion near the 1.1800 psychological resistance, with price rejecting the upper band of a recent range.
Entry: 🔻 Sell at 1.17883 (current price action confirms rejection)
Stop-Loss: 🔺 1.17943 – Above recent swing high and psychological resistance
Take-Profit: ✅ 1.17767 – Targeting the lower bound of the recent range and prior support
Risk-Reward Ratio: ~1:2 – High conviction setup with tight risk and extended downside potential
Entry: 🔻 Sell at 1.17883 (current price action confirms rejection)
Stop-Loss: 🔺 1.17943 – Above recent swing high and psychological resistance
Take-Profit: ✅ 1.17767 – Targeting the lower bound of the recent range and prior support
Risk-Reward Ratio: ~1:2 – High conviction setup with tight risk and extended downside potential
Note
Now by this setup, the winning chance would be 60%.Just need some more luck.
Trade active
Seems that we're on the right side.Anyone else has the same position?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.