EUR/USD 4H chart, here's the breakdown of the sell setup:
🔽 Sell Setup Overview:
Chart Pattern: Rising Channel Breakout (Bearish Reversal)
Price has reached resistance near 1.1840 and is showing signs of reversal.
A head-and-shoulders or double-top-like structure appears to be forming.
The channel is broken or about to be broken downwards.
🟢 Sell Entry Zone:
Around 1.1750 – 1.1760
Ideal if bearish confirmation candle appears
🔻 Target Levels:
1. Target 1 (Support 1):
1.1665
Near previous structure low / minor support
2. Target 2 (Support 2):
1.1574
Major support zone (highlighted in orange on the chart)
3. Final Target:
Around 1.1435 – 1.1370
Based on projected move equal to previous impulse leg downward
🛡️ Stop Loss:
Above the recent high and resistance zone
Suggested SL: 1.1865
✅ Risk/Reward Suggestion:
Entry: 1.1750
SL: 1.1865 (105 pips)
TP1: 1.1665 (85 pips)
TP2: 1.1574 (176 pips)
Final TP: ~1.1435 (315+ pips)
R:R = 1:1 to 1:3+
🔽 Sell Setup Overview:
Chart Pattern: Rising Channel Breakout (Bearish Reversal)
Price has reached resistance near 1.1840 and is showing signs of reversal.
A head-and-shoulders or double-top-like structure appears to be forming.
The channel is broken or about to be broken downwards.
🟢 Sell Entry Zone:
Around 1.1750 – 1.1760
Ideal if bearish confirmation candle appears
🔻 Target Levels:
1. Target 1 (Support 1):
1.1665
Near previous structure low / minor support
2. Target 2 (Support 2):
1.1574
Major support zone (highlighted in orange on the chart)
3. Final Target:
Around 1.1435 – 1.1370
Based on projected move equal to previous impulse leg downward
🛡️ Stop Loss:
Above the recent high and resistance zone
Suggested SL: 1.1865
✅ Risk/Reward Suggestion:
Entry: 1.1750
SL: 1.1865 (105 pips)
TP1: 1.1665 (85 pips)
TP2: 1.1574 (176 pips)
Final TP: ~1.1435 (315+ pips)
R:R = 1:1 to 1:3+
Trade active
Trade active
JOIN MY TELEGRAM:
FREE SIGNALS TECHNICAL CHART AND EDUCATOIN
t.me/+j_sv6p9sL5I0MDY0
FREE SIGNALS TECHNICAL CHART AND EDUCATOIN
t.me/+j_sv6p9sL5I0MDY0
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.
JOIN MY TELEGRAM:
FREE SIGNALS TECHNICAL CHART AND EDUCATOIN
t.me/+j_sv6p9sL5I0MDY0
FREE SIGNALS TECHNICAL CHART AND EDUCATOIN
t.me/+j_sv6p9sL5I0MDY0
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.