This EUR/USD 2-hour chart illustrates a bearish flag pattern, signaling a potential continuation of the prior downtrend. After a sharp drop, price consolidated within an upward-sloping channel, forming the flag. The pattern suggests weakening bullish momentum as the price reached a resistance zone and was rejected. A projected breakdown below the channel supports a bearish outlook, with expectations of a strong downward move. The black arrow on the chart confirms the anticipated decline. This setup aligns with classic bearish flag characteristics, where the consolidation phase is followed by a continuation of the previous bearish impulse.
Entry: 1.3150
1st Target: 1.12300
2nd Target: 1.11270
Entry: 1.3150
1st Target: 1.12300
2nd Target: 1.11270
Trade active
Trade active in sell
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
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Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.