$USUAL Short Trade Opportunity: Prepare for Potential Reversal 🔥💯
The $USUAL pair has recently experienced a significant uptrend but is showing signs of exhaustion. After failing to break through the resistance level, the price action has formed a series of lower highs, indicating a possible reversal in trend. The technical indicators and price structure suggest a bearish outlook, and this could be the right time to consider a short trade.
Trade Setup Details:
Entry Range: 0.4340 – 0.4400
Target 1: 0.4200 (Initial support zone)
Target 2: 0.4050 (Strong support area)
Stop-Loss: 0.4480 (Above the key resistance level)
Market Sentiment & Analysis: If the price fails to hold above the 0.4400 zone, the likelihood of further downside increases. A breakdown below 0.4300 would provide a stronger confirmation of bearish momentum, signaling potential downward movement.
Risk Management Strategy: Monitor the market closely for any signs of a breakout above 0.4480. If the price crosses this level, exit the short position immediately to minimize losses. Be vigilant of volume spikes and price action around these critical levels, as they will provide further insight into the strength of the trend.
This strategy focuses on ensuring your risk is well-managed while taking advantage of the potential trend reversal in the market.