EUR/USD Bearish Trade Setup | CHoCH Confirmation | 1:2 RR
This analysis presents a bearish trade setup on EUR/USD, following a Change of Character (CHoCH), indicating a potential trend reversal to the downside. The price structure suggests a retracement to a supply zone before continuing its bearish momentum.
This trade setup aims to capitalize on a pullback before a bearish continuation, aligning with market structure shifts. The CHoCH breakout confirms the transition to a bearish bias, making this an optimal trade with a favorable risk-reward ratio.
- Entry Price: 1.03626 (Expected retracement zone)
- Take Profit (TP): 1.02826 (Key support level, potential demand zone)
- Stop Loss (SL): 1.04026 (Above recent high for protection)
- Risk-to-Reward Ratio: 1:2 (Targeting twice the risked amount)
This trade setup aims to capitalize on a pullback before a bearish continuation, aligning with market structure shifts. The CHoCH breakout confirms the transition to a bearish bias, making this an optimal trade with a favorable risk-reward ratio.
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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.