📉 Market Structure & Pattern:
The chart shows a broadening wedge pattern followed by a rising wedge formation.
Price has reached the upper boundary of the descending channel, where a potential sell-off could begin.
📉 Bearish Outlook:
The sell signal is indicated near 2,811 EUR, suggesting a possible reversal.
The target area is around 2,769 - 2,700 EUR, aligning with previous support zones.
If the price breaks below the wedge structure, further downside momentum is expected.
📌 Trading Plan:
Bears may look for short opportunities around resistance.
A break below 2,794 EUR could confirm further downside.
Bulls should monitor price action for any rejection near support zones for potential buying opportunities.
⚠️ Risk Management:
A break above 2,815 EUR could invalidate the bearish setup.
Stop-loss placement above resistance is advisable to minimize risk.
The chart shows a broadening wedge pattern followed by a rising wedge formation.
Price has reached the upper boundary of the descending channel, where a potential sell-off could begin.
📉 Bearish Outlook:
The sell signal is indicated near 2,811 EUR, suggesting a possible reversal.
The target area is around 2,769 - 2,700 EUR, aligning with previous support zones.
If the price breaks below the wedge structure, further downside momentum is expected.
📌 Trading Plan:
Bears may look for short opportunities around resistance.
A break below 2,794 EUR could confirm further downside.
Bulls should monitor price action for any rejection near support zones for potential buying opportunities.
⚠️ Risk Management:
A break above 2,815 EUR could invalidate the bearish setup.
Stop-loss placement above resistance is advisable to minimize risk.
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❌ NO!
✅ You CAN and SHOULD make money in trading!
Join me, and I'll help you become a profitable trader 💵🚀
Join Me On TG: t.me/Pipsoptimizer
Free Signals: t.me/Pipsoptimizer
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.
🌹 Is Trading Just a Casino? 💔
❌ NO!
✅ You CAN and SHOULD make money in trading!
Join me, and I'll help you become a profitable trader 💵🚀
Join Me On TG: t.me/Pipsoptimizer
Free Signals: t.me/Pipsoptimizer
❌ NO!
✅ You CAN and SHOULD make money in trading!
Join me, and I'll help you become a profitable trader 💵🚀
Join Me On TG: t.me/Pipsoptimizer
Free Signals: t.me/Pipsoptimizer
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.