📉 Breakdown Incoming – Eyes on 1.48100!
🧠 Technical Breakdown:
EUR/CAD is forming a classic Rising Wedge pattern on the 4H chart — a well-known bearish reversal setup. After a series of higher highs and higher lows, price action is tightening within converging trendlines. A breakdown below the support line would confirm strong downside pressure!
📍 Key Insights:
◾ Pattern: Rising Wedge – Bearish Reversal Setup
◾ Support Line: Under pressure – Breakdown expected soon
◾ Volume: Watch for spike on breakdown confirmation
◾ Target Point: 1.48100 – major support and potential profit zone
🎯 Trade Setup:
🔴 Entry: On confirmed breakdown below trendline
🟢 Stop Loss: Above wedge resistance (~1.58800 zone)
🎯 Target: 1.48100
⚠ Strategy Tip:
Be patient for the candle close outside the wedge to confirm entry. This is a high-probability setup when timed right!
🔥 Final Thoughts:
The EUR/CAD pair is heating up! With structure, pressure, and a textbook wedge pattern, we’re preparing for a big bearish wave. Keep your focus sharp — it’s breakdown season!
🧠 Technical Breakdown:
EUR/CAD is forming a classic Rising Wedge pattern on the 4H chart — a well-known bearish reversal setup. After a series of higher highs and higher lows, price action is tightening within converging trendlines. A breakdown below the support line would confirm strong downside pressure!
📍 Key Insights:
◾ Pattern: Rising Wedge – Bearish Reversal Setup
◾ Support Line: Under pressure – Breakdown expected soon
◾ Volume: Watch for spike on breakdown confirmation
◾ Target Point: 1.48100 – major support and potential profit zone
🎯 Trade Setup:
🔴 Entry: On confirmed breakdown below trendline
🟢 Stop Loss: Above wedge resistance (~1.58800 zone)
🎯 Target: 1.48100
⚠ Strategy Tip:
Be patient for the candle close outside the wedge to confirm entry. This is a high-probability setup when timed right!
🔥 Final Thoughts:
The EUR/CAD pair is heating up! With structure, pressure, and a textbook wedge pattern, we’re preparing for a big bearish wave. Keep your focus sharp — it’s breakdown season!
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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 Channel Now
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
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.