Hello, I am Trader Andrea Russo and today I want to show you a SHORT investment opportunity on EUR/PLN. We are currently in a 4-hour chart (4H) and my indicator “WaveTrend + Multi-Timeframe Alerts”, published in the SCRIPT section of my TradingView profile, signals an overbought situation both at 4H and 8H. In addition, we are also in a downtrend phase, so we have more signals that support this opportunity.
In the attached chart we can observe the following details:
The current price is around 4.62400.
There is a SELL signal with a target price set at 4.61400, corresponding to a TP of 1.06%.
The stop loss is set at 4.63400, corresponding to a SL of 0.32%.
The suggested short position has a favorable risk/reward ratio.
These combined signals indicate a potential downtrend reversal, making this setup particularly interesting for investors looking for short selling opportunities on EUR/PLN.
I encourage you to monitor this setup closely and act prudently, always considering risk management in your trading plan. Happy trading!