Shorting EURUSD on 15m TF: High Risk-Reward Ratio Trade Setup

Based on my analysis, the EURUSD has been forming a distribution pattern on the 15-minute timeframe, indicating a potential reversal. I believe that a short position at the sell limit level is appropriate, with a stop loss above the pattern's high and a take profit at the next support level. The risk-reward ratio for this trade is very attractive, providing a good opportunity for profit.

Entry: Sell limit at 1.07626

Stop loss: 1.0805

Take profit: 1.0481

Risk/Reward ratio: 7:1


Good luck!!

Comment:

Update on EURUSD Trade: Price Collapse as Predicted

Hello everyone,

I wanted to provide an update on my EURUSD trade idea that I shared earlier. Although the price didn't reach our sell limit at 1.07626 ("just 1 pip"), it collapsed as I had predicted, resulting in a profitable short position.

I hope you were able to benefit from the signal and capture some of the profits. As always, it's important to protect your gains and manage your risk, especially as we approach our final target of 1.0481.

Thank you for following along, and I look forward to sharing more trading ideas with you in the future.

Best of luck with your trades!