EUR/USD - 1H Chart Analysis
Price has respected the ascending channel structure but is currently showing signs of a bearish rejection from the supply zone around 1.14300, which aligns with a bearish Order Block (OB).
We are looking for confirmation through a strong bearish candle to initiate a short position.
Technical Targets:
1st Target: 1.12700 – Minor support level, potential reaction zone.
2nd Target: 1.11000 – Key horizontal support and previous reaction zone.
3rd Target: 1.09200 – Major support / demand zone, ideal TP area for swing traders.
Entry Confirmation:
Strong bearish engulfing or momentum candle from 1.14300.
Break and retest of minor structure (e.g., 1.13500) for added confidence.
Trade Type: Short-Term to Swing (1H timeframe)
Price has respected the ascending channel structure but is currently showing signs of a bearish rejection from the supply zone around 1.14300, which aligns with a bearish Order Block (OB).
We are looking for confirmation through a strong bearish candle to initiate a short position.
Technical Targets:
1st Target: 1.12700 – Minor support level, potential reaction zone.
2nd Target: 1.11000 – Key horizontal support and previous reaction zone.
3rd Target: 1.09200 – Major support / demand zone, ideal TP area for swing traders.
Entry Confirmation:
Strong bearish engulfing or momentum candle from 1.14300.
Break and retest of minor structure (e.g., 1.13500) for added confidence.
Trade Type: Short-Term to Swing (1H timeframe)
Trade active
order activeNote
1st target hitNote
2nd target hit
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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/+h9QmoO36xFs1ZTk0
free forex gold and crypto currency signals And Technical analysis started your journey with us
t.me/+h9QmoO36xFs1ZTk0
free forex gold and crypto currency signals And Technical analysis started your journey with us
t.me/+h9QmoO36xFs1ZTk0
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.