📊 Chart Analysis: EUR/USD – Bearish Bias
🔍 Structure Overview:
:Timeframe: 1 Hour (H1)
: Current Price Area: Around 1.1112
: Market Structure: Bearish overall, with a potential pullback in progress before continuation to the downside.
🟪 Key Zones:
🔺 Resistance Zone (Purple Area around 1.1370–1.1415):
: Price previously rejected this zone strongly.
: Significant supply area; a strong reversal occurred here.
🔰 Sell Entry Zone: 1.1199 (Marked)
: A lower high is expected to form here.
Label: “Sell can be expected from this area.”
: This is a potential pullback entry point aligning with bearish continuation.
🟩 Support Zone: 1.1086–1.1064
:Watch for breakout of this zone. A break below it confirms bearish continuation.
: Label: "Wait for the breakout of this support.
📉 Sell Trade Plan:
Trigger: If price reaches ~1.1199 and forms a rejection or bearish pattern → enter short.
: Confirmation: Break of support at 1.1064–1.1086.
🎯 Targets:
1: TP1: 1.0950 – Logical support zone
2: Final TP: 1.0810 – Strong historical support
✅ Summary:
Bias: Bearish
Trade Type: Pullback sell followed by trend continuation
Conditions:
> Wait for pullback near 1.1199 (sell zone)
> Confirm break below 1.1086 support
> Target 1.0950 (TP1), 1.0810 (final target)
🔍 Structure Overview:
:Timeframe: 1 Hour (H1)
: Current Price Area: Around 1.1112
: Market Structure: Bearish overall, with a potential pullback in progress before continuation to the downside.
🟪 Key Zones:
🔺 Resistance Zone (Purple Area around 1.1370–1.1415):
: Price previously rejected this zone strongly.
: Significant supply area; a strong reversal occurred here.
🔰 Sell Entry Zone: 1.1199 (Marked)
: A lower high is expected to form here.
Label: “Sell can be expected from this area.”
: This is a potential pullback entry point aligning with bearish continuation.
🟩 Support Zone: 1.1086–1.1064
:Watch for breakout of this zone. A break below it confirms bearish continuation.
: Label: "Wait for the breakout of this support.
📉 Sell Trade Plan:
Trigger: If price reaches ~1.1199 and forms a rejection or bearish pattern → enter short.
: Confirmation: Break of support at 1.1064–1.1086.
🎯 Targets:
1: TP1: 1.0950 – Logical support zone
2: Final TP: 1.0810 – Strong historical support
✅ Summary:
Bias: Bearish
Trade Type: Pullback sell followed by trend continuation
Conditions:
> Wait for pullback near 1.1199 (sell zone)
> Confirm break below 1.1086 support
> Target 1.0950 (TP1), 1.0810 (final target)
Trade active
We made some pips in buy as we analyzed, now our sell trade is activated.
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t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.
Thank you for visiting us! Join us for more trading insights and signals.
t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.