EURUSD / M15 / SHORT

EURUSD May Fall from the Bearish Order Block

Bearish Order Block: 1.05683 and 1.05632

EURUSD is currently following a downtrend, and a potential bearish order block has been identified between 1.05683 and 1.05632 on the M15 timeframe. If the price retraces to this order block, it presents an opportunity for a short position. With strong bearish momentum in place, there is a high probability that the price will respect this zone and continue downward, aligning with the overall market structure.

I've outlined two take profit targets for this trade setup, offering clear risk management and reward opportunities. Let’s monitor how the price reacts to the order block and unfolds further.

EURUSD / M15 / SHORT
LOT :- 0.2
Entry Price :- 1.05630
Take Profit :- 1.05222
Stop Loss :- 1.05752