The chart displays a bearish setup on the EUR/USD 1-hour timeframe, driven by the formation of a double top pattern. The entry zone is identified just below the neckline break, around the 1.1290 to 1.1300 level, where bearish momentum gains strength following the pattern confirmation. A stop loss is strategically placed above the recent highs near 1.1350, which acts as a resistance zone and invalidates the pattern if breached. The trade setup targets two key levels: TP1 is positioned around 1.1150, offering a conservative exit point aligned with prior support, while TP2 is placed deeper at approximately 1.1060, targeting a full pattern extension and a stronger bearish continuation. This setup reflects a favorable risk-to-reward ratio, aligning technical confirmation with strategic trade management.
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STOP LOSS HIT IN EURUSD WAIT FOR NEXT CHART 
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.