🚀 After a clean breakout from the descending channel, price formed a rising structure—but momentum is fading.
🔴 Lower highs are forming and we’ve got a clear rejection at the top of the ascending channel.
📌 Trade Idea:
Entry: 1.1739
Stop Loss: 1.1778 (above recent high)
Take Profit: 1.1676 (structure support)
Risk-Reward: ~1:2 ✅
🧠 Why this setup?
Structure break & retest in action
Bearish pressure building after bullish exhaustion
Reversal patterns aligning at key zones (circles show historic turning points)
🔴 Lower highs are forming and we’ve got a clear rejection at the top of the ascending channel.
📌 Trade Idea:
Entry: 1.1739
Stop Loss: 1.1778 (above recent high)
Take Profit: 1.1676 (structure support)
Risk-Reward: ~1:2 ✅
🧠 Why this setup?
Structure break & retest in action
Bearish pressure building after bullish exhaustion
Reversal patterns aligning at key zones (circles show historic turning points)
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.
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.