💡 Ensure proper risk management when following signals! 💬 Comment: " The price is near a significant resistance area, increasing the likelihood of a pullback.
Entry Point Justification: Resistance Rejection: Entering at 1.11142 takes advantage of a potential rejection at this resistance level, which could lead to downward momentum.
Take Profit Levels: TP1 (1.10830): Aimed at capturing a quick profit from an expected initial drop as the price reacts to resistance. TP2 (1.10501): Targets a deeper retracement, aligning with a continuation of the bearish trend.
Stop Loss Justification: SL at 1.11456: Set above the resistance level to protect against an unexpected breakout, ensuring losses are minimized if the trade goes against the position."
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