EUR/USD 4H Chart Analysis ๐๐ฅ
Key Observations:
Resistance Zone (Supply Area) ๐จ
Price has tested a strong resistance level (marked by the shaded box) near 1.0500.
Multiple rejections in this area suggest selling pressure is strong.
Potential Reversal Setup ๐
The price has wicked into resistance and started showing weakness.
A lower high structure could be forming, indicating a possible trend shift.
Bearish Outlook ๐ป๐
A break below recent support would confirm a sell-off targeting the lower price range.
The chart suggests a potential move towards 1.0350 - 1.0300 levels.
The 200 EMA (1.0425) is acting as dynamic support, but a break below it will accelerate the drop.
Liquidity Grab & Stop Hunt ๐ฏ
Price action could have trapped buyers before reversing.
A potential stop-loss hunt above the previous highs before a drop.
Trading Plan ๐ก
โ Sell Bias: Look for confirmations like bearish engulfing candles or break below 1.0450.
โ Invalidation: A clean breakout above 1.0510 cancels the bearish setup.
๐ฏ Target Levels: 1.0350, 1.0300.
๐ฅ Final Verdict: Bearish setup forming. Watch for breakdown confirmation! ๐
Key Observations:
Resistance Zone (Supply Area) ๐จ
Price has tested a strong resistance level (marked by the shaded box) near 1.0500.
Multiple rejections in this area suggest selling pressure is strong.
Potential Reversal Setup ๐
The price has wicked into resistance and started showing weakness.
A lower high structure could be forming, indicating a possible trend shift.
Bearish Outlook ๐ป๐
A break below recent support would confirm a sell-off targeting the lower price range.
The chart suggests a potential move towards 1.0350 - 1.0300 levels.
The 200 EMA (1.0425) is acting as dynamic support, but a break below it will accelerate the drop.
Liquidity Grab & Stop Hunt ๐ฏ
Price action could have trapped buyers before reversing.
A potential stop-loss hunt above the previous highs before a drop.
Trading Plan ๐ก
โ Sell Bias: Look for confirmations like bearish engulfing candles or break below 1.0450.
โ Invalidation: A clean breakout above 1.0510 cancels the bearish setup.
๐ฏ Target Levels: 1.0350, 1.0300.
๐ฅ Final Verdict: Bearish setup forming. Watch for breakdown confirmation! ๐
Trade active
๐ EUR/USD Bearish Setup Unfolding โ Big Drop Loading? ๐๐ฅ
The market is playing out exactly as expected! ๐๐ฅ EUR/USD rejected the key resistance zone (1.0500), confirming strong selling pressure. The anticipated drop is underway, and if price breaks below 1.0425 (200 EMA), we could see a deeper decline toward 1.0350 โ 1.0300.
๐ป Bearish Confirmation Signs:
โ Strong rejection from resistance.
โ Lower high formation signaling weakness.
โ Liquidity grab before a potential sell-off.
๐ฏ Targeting lower levels โ Bears in control! Stay sharp, traders! ๐จ๐ฅ
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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Related publications
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.