EUR/USD is currently sitting right at my sell decision zone around 1.16551.
This is not an automatic entry for me. This is the area where I’m watching to see if sellers actually step in.
Right now, price pushed up into resistance, but it has not given a clean rejection yet. On the 15M, price is still holding near the 21 EMA, so I’m not forcing a sell just because price touched my level.
The setup is simple:
I want to see price reject 1.16551 or sweep above it and fail.
A clean sell confirmation would look like:
* wick above 1.16551
* candle close back below the level
* bearish engulfing candle
* lower high forming on 15M or 1H
* break below short-term support around 1.16480–1.16460
If that happens, I’ll watch for downside continuation.
Key Levels
Sell decision zone: 1.16551
Deeper resistance: 1.16766
TP1: 1.16438 / 1.16400
TP2: 1.16288
TP3: 1.16170
Extended target: 1.15053
The sell idea weakens if price breaks and holds above 1.16551.
It weakens even more if price reclaims 1.16766.
For now, I’m waiting for confirmation.
No chase. No emotional entry. Let the market show its hand first.
Educational purposes only. I’m not a financial advisor. Trading involves risk, and profits are not guaranteed.