Market Phase: Distribution
Trade Bias: Bearish Breakdown
We’re currently observing a distribution phase on EUR/USD, with well-defined support and resistance levels. A breakdown below Support Level 2 will trigger our short entry, confirming bearish momentum.
📌 Trade Setup Details:
🔹 Entry (Sell Stop): 1.13080
🔹 Stop Loss (SL): 1.13600 (above Support Level 1)
🔹 Take Profit 1 (TP1): 1.12560
🔹 Take Profit 2 (TP2): 1.12040
🔹 Lot Size: 0.19
🔹 Risk/Reward Ratios: 1:1 and 1:2
🔹 Risk: $200 💸
🔹 Reward: Up to $300 💰
This setup is based on a clean structure break, expecting downside continuation after the distribution completes. We’ve marked the key zones on the chart and are waiting for confirmation through a support break.
Keep an eye on price action and volume near the entry to validate the breakdown.
#EURUSD #ForexTrading #BearishSetup #DistributionPhase #PriceAction #SupportResistance #TradeSetup #RiskReward #BreakdownTrade #ForexSignals #1HChart
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Trade Bias: Bearish Breakdown
We’re currently observing a distribution phase on EUR/USD, with well-defined support and resistance levels. A breakdown below Support Level 2 will trigger our short entry, confirming bearish momentum.
📌 Trade Setup Details:
🔹 Entry (Sell Stop): 1.13080
🔹 Stop Loss (SL): 1.13600 (above Support Level 1)
🔹 Take Profit 1 (TP1): 1.12560
🔹 Take Profit 2 (TP2): 1.12040
🔹 Lot Size: 0.19
🔹 Risk/Reward Ratios: 1:1 and 1:2
🔹 Risk: $200 💸
🔹 Reward: Up to $300 💰
This setup is based on a clean structure break, expecting downside continuation after the distribution completes. We’ve marked the key zones on the chart and are waiting for confirmation through a support break.
Keep an eye on price action and volume near the entry to validate the breakdown.
#EURUSD #ForexTrading #BearishSetup #DistributionPhase #PriceAction #SupportResistance #TradeSetup #RiskReward #BreakdownTrade #ForexSignals #1HChart
Unlock more with Plus
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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.
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.