EURUSD LONG/BUYBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bullish sentiment prevails.
Eurusdanalysis
EUR/USD Bullish Reversal Setup – Buy from Demand Zone Near 200 EEMA 30 (Red): 1.09984
EMA 200 (Blue): 1.08869
🧠 Trade Idea: Long (Buy) Setup
📍 Entry Zone (Support/Buy Area):
Entry Point: Around 1.08868 – 1.08869
This zone aligns with the 200 EMA, acting as dynamic support.
There's also a clear demand zone (purple box), indicating historical buying interest.
⛔ Stop Loss:
Set at 1.08080
Placed below the demand zone to minimize risk if support fails.
🎯 Take Profit (Target):
Target Point: Around 1.11452
Coincides with a previous supply zone/resistance area (top purple box).
⚖️ Risk-to-Reward (R:R):
Risk: ~80 pips
Reward: ~250 pips
R:R Ratio: ~3.1:1 — A solid risk-to-reward setup.
🔍 Market Structure Observations:
Recent bullish momentum followed by a correction.
Price is approaching major support (near 200 EMA).
Likely scenario: Pullback into the demand zone, then bullish continuation toward the target.
EURUSD - UniverseMetta - Analysis#EURUSD - UniverseMetta - Analysis
W1 (Weekly Timeframe)
🔹 Price has reached the 261 Fibonacci level, marking the completion of the 5th wave.
🔹 This level also aligns with a major structure established back in 2023.
🔹 To confirm potential short opportunities, it's recommended to:
• Wait for a confirmed fractal on W1
• Look for reversal patterns on lower timeframes (D1 / H4)
D1 (Daily Timeframe)
🔹 Possible development of a 1st wave within an expanding triangle structure.
🔹 All recent movements appear corrective until a valid 2nd wave begins to form.
🔹 Nearest downside targets:
• 1.08264
• 1.07184
H4 / H1 (4H / 1H Timeframes)
🔹 Potential start of wave C on H4
🔹 Triggered by the formation of the 3rd wave + breakout from the descending channel on H1
🔹 Trade setup details:
Entry: 1.09501
Take Profits (TP):
1. 1.08264
2. 1.07184
3. 1.06163
4. 1.04493
Stop Loss: 1.10620
📌Conclusion:
EURUSD has hit a major resistance zone (261% Fibo), which may mark the end of the bullish 5-wave structure. A correction or reversal could follow.
Lower timeframes offer early opportunities to enter wave C, with confirmation via fractals and breakouts.
Use tight stops and respect your risk management.
DeGRAM | EURUSD will continue to decline in the channelEURUSD is in an ascending channel between the trend lines.
The price is moving from the upper boundary of the channel and has already successfully consolidated under the 62% retracement level.
We expect the chart to continue the decline towards $1.084
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DeGRAM | EURUSD preparing for the pullbackEURUSD is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel and dynamic support.
We expect a pullback after a retest of the upper channel boundary.
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EURUSD at Major Resistance: Will it Drop To 1.09000?OANDA:EURUSD reached a major resistance level that has previously acted as a strong barrier, triggering bearish momentum in the past. This zone also aligns with prior supply areas where sellers have stepped in, making it a potential point of interest for those looking for short opportunities. Given its historical significance, how price reacts here could set the tone for the next move.
If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.09000 level. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction.
Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management.
Best of luck!
Cup & Handle Pattern on EUR/USD – Bullish Breakout Setup🏗️ 1. Pattern Structure Breakdown
🔵 Cup Formation:
The left side of the chart illustrates a steep decline beginning around mid-October 2024, forming the left lip of the cup.
The bottom of the cup was established between late December 2024 and early February 2025, where the market found a strong support level near 1.0220.
A rounded bottom formed, which indicates accumulation and decreasing bearish momentum.
The right side of the cup shows a strong bullish reversal from the support zone, gradually returning to the previous highs around 1.1050–1.1100, completing the cup shape.
⚫ Handle Formation:
A slight pullback or consolidation occurred after reaching the resistance zone, forming the handle between late March and early April 2025.
This handle appears as a small descending channel or flag, which is typical for this pattern.
Price remained above the support trendline, showing strength in the handle without breaking the overall bullish structure.
🔍 2. Key Technical Zones
📌 Resistance Level (Breakout Zone): 1.1050 – 1.1100
Marked by prior price rejection and the top of the cup.
The successful breakout above this zone confirms the cup and handle breakout.
📌 Support Level: 1.0220 – 1.0300
This zone provided a base during the cup’s rounding bottom and serves as a critical demand area.
📌 Stop Loss: 1.07380
Positioned below the recent swing low (handle low), providing a safe buffer.
This placement respects both market structure and risk management.
🎯 3. Target Projection
✅ Price Target: 1.14780
Based on the measured move technique:
Measure the depth of the cup (approx. 1.1100 - 1.0220 = 880 pips).
Project that distance above the breakout point (around 1.1050).
Target = 1.1050 + 0.0880 = 1.1930 (but a conservative target of 1.14780 is used here).
This target aligns with a previous resistance level from mid-2023, adding confluence.
📈 4. Trade Setup Summary
Component Description
Pattern Cup and Handle (Bullish Continuation)
Entry Point Breakout above 1.1050 resistance
Stop Loss Below 1.0738 (recent low)
Target 1.1478 (based on measured move)
Risk/Reward Ratio Approx. 1:2.5 or better
💡 5. Technical Insights and Confluence
Volume Consideration (if available): Typically, volume decreases during the cup and increases during the breakout. Although volume is not shown here, this pattern suggests accumulation.
Handle Behavior: The handle did not breach the mid-point of the cup, maintaining a strong bullish structure.
Market Sentiment: Given the steady incline and the bullish breakout, it suggests buyers are in control.
🏁 Conclusion
This is a textbook Cup and Handle breakout setup on the EUR/USD daily chart. The structure shows a clear transition from bearish to bullish sentiment, accumulation at support, and a confirmed breakout with strong potential upside.
It offers an excellent long opportunity with favorable risk-reward, clear invalidation, and a historically reliable price pattern.
EUR/USD – Bullish Flag Pattern & Trade SetupTechnical Analysis & Trade Plan for TradingView Idea
This chart illustrates a Bullish Flag Pattern on the EUR/USD 1-hour timeframe, suggesting a potential continuation of the prevailing uptrend. Below is a detailed breakdown of the market structure, key levels, and a professional trading strategy.
📌 Chart Pattern: Bullish Flag Formation
The Bullish Flag is a continuation pattern that forms after a strong upward price movement, followed by a short period of consolidation within a downward-sloping channel. It signals a brief pause before the trend resumes.
Flagpole: The sharp price increase before the consolidation.
Flag: The corrective downward movement forming a small parallel channel.
Breakout Potential: A confirmed breakout above resistance could lead to a further bullish rally.
🔍 Key Technical Levels & Market Structure
🔵 Resistance Level (Supply Zone)
The upper boundary of the flag pattern acts as resistance.
A breakout above this level could trigger a strong buying opportunity.
🟢 Support Level (Demand Zone)
The lower boundary of the flag provides support.
Price is currently testing this zone, which is a critical decision point.
🎯 Target Price: 1.14544 (Projected Move)
The price target is calculated based on the height of the flagpole added to the breakout point.
This aligns with a previous significant resistance area.
📈 Trading Strategy & Execution Plan
✅ Entry Criteria:
A confirmed breakout above the flag's resistance level with a strong bullish candlestick.
Increased trading volume supporting the breakout.
🚨 Risk Management:
Stop Loss: Placed below the support zone of the flag to manage risk in case of a false breakout.
Take Profit Target: At 1.14544, aligning with the measured move of the flag pattern.
📊 Trade Confirmation Indicators:
RSI (Relative Strength Index): A reading above 50 confirms bullish momentum.
Moving Averages (50 EMA/200 EMA): A bullish crossover would strengthen the buying signal.
Volume Analysis: A breakout should be accompanied by high trading volume for confirmation.
⚠️ Potential Risks & Alternative Scenarios
Fake Breakout: If the price breaks out but lacks volume, it could be a false signal.
Bearish Reversal: If price breaks below the support zone, the bullish flag setup becomes invalid.
Market Sentiment Shift: Unexpected news events can impact price movement.
📝 Summary
The EUR/USD pair has formed a Bullish Flag Pattern, signaling a possible continuation of the uptrend.
A breakout above the resistance level would confirm the pattern and provide a strong buying opportunity.
Risk management is essential, with a stop loss placed below the support level.
Final Target: 1.14544, based on the flagpole’s measured move.
💡 Conclusion: A well-structured breakout above resistance could lead to a bullish rally toward 1.14544. However, patience and confirmation are key before entering the trade.
EUR/USD Analysis Ascending Triangle Breakout – Bullish TargetOverview of the Chart:
The chart represents the EUR/USD (Euro to U.S. Dollar) pair on a 1-hour timeframe, showcasing a bullish ascending triangle breakout. The pattern indicates an upward continuation in the trend after a period of consolidation. This analysis will break down the key elements of the chart, the technical structure, and the potential trading strategy.
1. Market Structure & Key Zones
A. Market Curve Area (Early Trend Development)
The price started with a strong bullish trend leading up to the formation of the triangle.
The curved trendline suggests a gradual increase in buying pressure, indicating that the market was preparing for a larger breakout.
B. Resistance and Support Levels
Resistance Level (Red Arrow & Blue Box):
This level acted as a price ceiling where sellers previously dominated.
The market attempted multiple times to break this resistance before successfully breaching it.
Support Level (Green Arrow & Yellow Zone):
The price consistently found buyers at this level, reinforcing a higher low structure.
The rising support line within the triangle indicated strong accumulation by buyers.
2. Chart Pattern: Ascending Triangle Formation
The price action formed an ascending triangle, which is a well-known bullish continuation pattern.
The higher lows (trendline support) indicated buyers were gaining control, gradually pushing the price toward the resistance.
Eventually, the resistance was broken with strong bullish momentum, confirming a valid breakout.
3. Breakout Confirmation & Retest
The breakout above the resistance level came with high volume, indicating strong market participation.
After the breakout, a minor pullback (retest) occurred, confirming previous resistance as new support.
The price surged upward after the retest, validating the bullish trade setup.
4. Trade Setup & Risk Management
A. Entry Strategy
A trader would enter a buy (long) position after confirming the breakout.
Entry Trigger:
Either at breakout (high-risk, early entry)
Or after a successful retest (safer entry)
B. Stop Loss Placement
A stop loss is placed below the previous support level at 1.07276, ensuring risk is limited in case of a false breakout.
C. Target Projection
The target price is measured using the height of the triangle added to the breakout level.
Based on this calculation, the projected target is around 1.12838.
5. Conclusion & Trading Plan
The EUR/USD pair has executed a clean ascending triangle breakout, signaling further bullish movement.
The trading plan suggests:
✅ Entry: Buy after breakout confirmation or retest.
✅ Stop Loss: Placed below 1.07276 for risk management.
✅ Take Profit: Targeting 1.12838, based on the pattern’s height projection.
This setup presents a high-probability long opportunity in a trending market, with proper risk management to protect against potential reversals.
EurUsd could continue to the downsideTwo weeks ago, I mentioned that while a new high was possible, the bigger move in EUR/USD should be to the downside.
Indeed, the pair dropped from above 1.0900 and recently found support around the 1.0730 zone.
The recent recovery appears corrective, unfolding in a flag pattern, and I expect another leg down toward 1.0600.
Bearish confirmation comes with a daily close below 1.0750, and my preferred strategy is to sell rallies.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
EUR/USD Double Top Analysis - Bearish Reversal Trade Setup This analysis highlights a Double Top pattern forming on the EUR/USD 4-hour timeframe, which is a classic bearish reversal pattern. The pattern signals a potential shift from a bullish trend to a downtrend, providing traders with a well-defined entry, stop loss, and target levels.
1. Understanding the Double Top Pattern
A Double Top is a trend reversal pattern that forms after an extended uptrend. It consists of two peaks (Top 1 and Top 2) at approximately the same resistance level, followed by a break below the neckline (support level), confirming the pattern.
Pattern Breakdown:
Top 1 & Top 2: These peaks represent failed attempts to break higher, showing strong selling pressure at resistance.
Support (Neckline): The price found support at a key level, where buyers initially stepped in, but eventually, this level was broken, triggering a potential downtrend.
2. Key Levels & Trading Setup
📌 Resistance Level (Bearish Rejection Zone)
The resistance level is marked in the 1.09500 - 1.09600 range.
Price action tested this zone twice (Top 1 & Top 2) but failed to sustain above it.
The repeated rejection indicates that sellers are dominant in this zone.
📌 Support Level (Neckline Breakout Confirmation)
The support level is marked in the 1.07700 - 1.07800 zone.
The price bounced off this area initially, but later broke below it, confirming a bearish move.
The breakout suggests selling momentum is increasing.
3. Trading Strategy – Bearish Setup
🔴 Entry Point (Sell Trigger)
A short trade is confirmed when the price breaks below the neckline (support level) after forming the Double Top.
The breakout confirms seller dominance and signals potential downside movement.
🚨 Stop Loss Placement
Stop Loss is placed slightly above the resistance level at 1.09575.
This ensures protection against false breakouts or price retracements.
🎯 Target (Take Profit Projection)
The price target is calculated based on the height of the Double Top pattern.
Target Level: 1.06639, aligning with the measured move from the resistance to the neckline.
4. Market Outlook & Risk Management
📉 Bearish Scenario (High Probability Move)
✔️ The market structure shows a strong bearish reversal with price failing to break above resistance.
✔️ The confirmed neckline break indicates sellers have taken control.
✔️ If the price continues lower, we can expect a move toward 1.06639.
📈 Bullish Scenario (Invalidation of Trade)
❌ If price closes back above resistance (1.09575), it would invalidate the bearish setup.
❌ This would indicate that buyers are regaining control, and the trade setup should be re-evaluated.
5. Final Thoughts & TradingView Tags
Summary of Trading Setup:
✅ Pattern: Double Top (Bearish Reversal)
✅ Sell Entry: Below the support neckline
✅ Stop Loss: Above 1.09575
✅ Target: 1.06639
✅ Risk-Reward Ratio: Favorable
📌 Tags for TradingView Idea:
#EURUSD #DoubleTop #ForexTrading #BearishReversal #SupportResistance #PriceAction #TechnicalAnalysis #ForexSetup #TradingStrategy
Strong GDP, Weak USD – How Will EURUSD React!?Today's U.S. data showed strong GDP growth (2.4%) , but lower inflation ( 2.3% Final GDP Price Index ) and a weaker trade balance ( -147.9B ) suggest the Fed may remain cautious on rate hikes. This limits USD's strength , supporting a potential EURUSD rebound .
EURUSD ( FX:EURUSD ) is moving in the Support zone($1.08180-$1.0745) and has also managed to break the Downtrend line . 50_SMA(Weekly) plays a good role of support for EURUSD .
In terms of Classic Technical Analysis and Price Action , there is also a possibility that EURUSD will return to an uptrend with Inverse Head and Shoulders and Bullish Quasimodo Patterns .
Regarding Elliott Wave theory , it seems that EURUSD has managed to complete the main wave 4 . The main wave 4 structure is an Expanding Flat Correction(ABC/3-3-5) .
I expect EURUSD to trend higher in the coming hour s and rise to at least $1.0855 , and if the Resistance zone($1.0867-$1.0850) is broken, we should expect more pumping .
Note: If EURUSD breaks below the 50_SMA(Weekly), we expect further declines. The worst Stop Loss(SL) could be $1.072.
Please respect each other's ideas and express them politely if you agree or disagree .
Euro/U.S. Dollar Analyze (EURUSD), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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EUR/USD Triple Bottom Reversal | Bullish Breakout SetupChart Overview
This is a EUR/USD 1-hour chart showing a classic Triple Bottom Reversal Pattern, a strong bullish reversal signal. The price has tested a key support level multiple times, forming three distinct bottoms, indicating that sellers are losing momentum while buyers are stepping in.
This setup suggests an upcoming breakout, with well-defined entry, take profit, and stop-loss levels to capitalize on the potential upward move.
Technical Breakdown
1. Support & Resistance Zones
Support Zone (Highlighted in Beige)
The price has tested this zone multiple times without breaking below, confirming strong buying interest.
Each time the price touched this level, it rebounded, indicating accumulation by buyers.
Resistance Zone (Highlighted in Beige)
The price previously reversed from this level, making it a key area to watch for a breakout.
A confirmed breakout above this resistance could trigger strong upward momentum.
2. Triple Bottom Formation
A Triple Bottom is a strong bullish reversal pattern. It consists of:
Bottom 1: First rejection from support.
Bottom 2: A retest of support with buyers defending the level.
Bottom 3: The final touch before an upward move, confirming the pattern.
This pattern signals that selling pressure is diminishing and buyers are preparing for a strong breakout.
3. Bullish Reversal & Breakout Zone
A breakout above the neckline resistance (around 1.0843) will confirm the pattern.
Traders should wait for a confirmed candle close above the resistance before entering a long position.
A retest of the breakout zone can provide an additional entry opportunity.
Trade Setup & Key Levels
🔹 Entry Strategy
Aggressive Entry: Enter at the breakout level (above 1.0843) with volume confirmation.
Conservative Entry: Wait for a breakout retest before entering long.
🎯 Take Profit Targets
TP1: 1.08868 (First resistance zone)
TP2: 1.09642 (Major resistance zone, strong price reaction expected)
❌ Stop Loss Placement
Stop Loss: Below 1.06786, under the support zone.
This ensures that if the price breaks below the key level, the trade is invalidated.
Market Sentiment & Expected Move
If the price breaks the resistance → Expect a strong bullish move toward TP1 and TP2.
If the price fails to break out → It may consolidate further or retest support.
Watch for increased volume on the breakout to confirm strength.
📌 Final Thoughts
This is a high-probability bullish setup based on a well-formed Triple Bottom Reversal pattern. Traders should monitor price action near the breakout zone and manage risk effectively with proper stop-loss placement.
EUR/USD 1H Chart Analysis – Falling Wedge Breakout StrategyOverview of the Chart
The EUR/USD 1-hour chart is forming a falling wedge pattern, which is a bullish reversal setup. This indicates that although the price has been trending downward, the selling pressure is weakening, and a breakout to the upside is becoming more likely.
Currently, the price has broken above the wedge, signaling potential trend reversal. However, traders should watch for a retest of the breakout level to confirm whether the price holds above the resistance-turned-support area before further upward movement.
Key Components of the Chart
1️⃣ Falling Wedge Pattern (Bullish Reversal Signal)
A falling wedge consists of two downward-sloping trendlines that converge, showing a narrowing price range. This pattern is formed when:
The price makes lower highs and lower lows, indicating a downtrend.
The slope of the lower trendline is less steep than the upper one, meaning sellers are losing momentum.
Eventually, the price breaks out above the upper trendline, confirming a bullish reversal.
2️⃣ Support & Resistance Levels
✅ Support Zone (Key Demand Area)
The price recently tested a strong support level (highlighted in beige), where buyers aggressively entered the market.
This level has held multiple times, indicating that buyers are stepping in whenever the price reaches this zone.
The green upward arrow suggests that this is a key accumulation area, where demand is stronger than supply.
🚫 Resistance Zone (Profit Target)
The resistance zone near 1.09450 is the first major target for bulls.
Historically, price action has struggled to break through this level, making it a logical place to take profits.
3️⃣ Breakout Confirmation & Retest
The price has successfully broken out above the falling wedge, which is a strong buy signal.
However, a retest of the breakout level (marked by the yellow circle) might occur before further bullish continuation.
If the price retests and holds above the previous resistance (now support), this will confirm the breakout and provide an additional buying opportunity.
Trade Execution Strategy
📌 Entry Point:
Enter a long trade after the breakout confirmation.
For conservative traders, waiting for a successful retest before entering can reduce risk.
📌 Stop-Loss Placement:
Place a stop loss just below the recent swing low at 1.07541 to limit downside risk.
This ensures that if the breakout fails, the trade is exited with minimal loss.
📌 Profit Target:
The first take-profit target is at 1.09450, the key resistance level.
If bullish momentum continues, traders can look for higher targets based on price action.
📌 Risk-to-Reward Ratio:
This setup provides a favorable risk-to-reward ratio, meaning that potential profits outweigh the risk taken on the trade.
Technical Indicators Supporting the Trade
📈 Trend Reversal Signals
The market has been in a downtrend, but the falling wedge signals a potential reversal.
A higher low after the breakout would further confirm the uptrend.
📊 Volume Confirmation
Ideally, a breakout should be accompanied by increased volume, showing strong buying pressure.
If volume is low, a false breakout could occur, requiring careful trade management.
🔍 Retest & Price Action
A retest of the breakout level should hold above the wedge to confirm bullish momentum.
If the price fails to hold and falls back below, the breakout may have been a fakeout, meaning traders should exit or wait for re-entry.
Risk Management & Trade Considerations
Always use a stop-loss to manage risk.
If the price fails to stay above the breakout level, consider exiting early.
Watch for external market factors such as news events or economic data releases, which can impact EUR/USD volatility.
Conclusion: Bullish Momentum is Building 🚀
This falling wedge breakout on the EUR/USD chart provides a high-probability long trade setup. As long as price holds above the breakout level, bullish continuation toward 1.09450 is expected. Traders should monitor price action carefully and adjust their positions accordingly to maximize gains while managing risks.
EUR/USD Technical Analysis – Potential Reversal SetupThe EUR/USD 1-hour chart displays a recent downtrend with a series of lower highs and lower lows, forming a bearish market structure. The Harmonic patterns such as the Bat suggest potential areas of reversal, aligning with Fibonacci retracement levels.
A Change of Character (ChoCh) at the latest low (XA 0.7872) signals a possible shift in trend. The presence of bullish reaction points, marked by green triangles and yellow circles, suggests buying pressure is increasing. Additionally, the projected upward trendlines indicate possible price targets at 1.08476 (T1) and 1.08885 (T2) .
The oscillators at the bottom indicate oversold conditions, reinforcing the likelihood of a bullish correction. However, confirmation via price action and volume is necessary before entering long positions. A break above key resistance levels would further validate the upside potential.
EURUSD Maintains Bearish Momentum - Is 1.07500 the Next Target?OANDA:EURUSD is trading within a well-defined descending channel, with price action consistently respecting both the upper and lower boundaries. Recently, the price rejected a key resistance zone, reinforcing bearish momentum and signaling a potential continuation toward lower levels.
The current price action suggests that if price continues to respect this resistance, we could see further downside toward 1.07500, aligning with the lower boundary of the channel. However, if price breaks above the channel and sustains above it, the bearish outlook may be invalidated, potentially signaling a shift in momentum. Monitoring price action and volume at this level will be essential for confirmation.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
EUR/USD Trading Analysis – Falling Wedge Breakout StrategyChart Overview
The EUR/USD 1-hour chart presents a classic falling wedge pattern, which is a bullish reversal setup indicating that selling momentum is weakening and a breakout to the upside is imminent. This chart provides a structured trading plan, highlighting support and resistance levels, entry points, stop-loss placement, and a target price.
Traders can use this setup to capitalize on the potential bullish move while effectively managing risk. Let’s break it down step by step.
1. Understanding the Falling Wedge Pattern
A falling wedge is formed when price action moves within two downward-sloping trendlines that converge. It signals decreasing bearish pressure, as the price forms lower highs and lower lows within a narrowing range. The decreasing range indicates that sellers are losing control, and an upside breakout is likely.
In this chart, we observe the following key characteristics of a falling wedge:
✅ Two converging downward trendlines that contain price movement.
✅ Lower highs and lower lows showing seller exhaustion.
✅ Decreasing volume as the price approaches the breakout zone.
✅ Support near 1.08000, which has held price several times before.
A breakout above the wedge signals a shift from bearish to bullish sentiment, making this a strong trade setup.
2. Key Support & Resistance Levels
🔹 Support Level (Demand Zone)
The horizontal blue zone at 1.07898 – 1.08000 is a critical support level.
This level has been tested multiple times, making it a strong demand zone where buyers step in.
The falling wedge bottom aligns with this area, reinforcing its importance.
If price stays above this zone, it confirms the potential for a bullish breakout.
🔹 Resistance Level (Supply Zone)
The resistance zone at 1.09300 - 1.09839 has acted as a barrier to upward movement.
Price previously reversed from this zone, making it a logical take-profit area.
If the breakout happens, this level will be tested again.
A break above 1.09839 would signal further bullish momentum.
3. Trading Strategy – Step-by-Step Execution
📌 Entry Confirmation
To enter this trade with confidence, traders should wait for a confirmed breakout above the wedge.
A strong bullish candle breaking above the wedge’s upper trendline signals entry.
Ideally, a pullback and retest of the breakout level would provide additional confirmation before entering long.
📌 Stop-Loss Placement
Risk management is key, and stop-loss placement should be strategic to avoid unnecessary losses.
A stop-loss is set just below 1.07898, slightly under the recent low.
This placement ensures protection against false breakouts.
📌 Take-Profit Target
The take-profit target is set at 1.09839, aligning with key resistance and the projected wedge breakout distance.
This level has historically acted as resistance, making it an ideal zone to exit profits.
Partial profit-taking can be considered near 1.09300, before the final target.
📌 Risk-to-Reward Ratio
With a tight stop-loss and a higher profit target, this trade offers a favorable risk-reward ratio (RRR).
A minimum RRR of 1:3 is recommended, meaning potential reward is three times the risk taken.
4. Expected Market Behavior & Possible Scenarios
📊 Scenario 1: Bullish Breakout Confirmation 🚀
If price breaks and closes above the wedge, we expect a rally towards 1.09300 - 1.09839.
Pullback to retest the breakout zone would further confirm bullish strength.
Strong volume would validate the breakout, leading to a high-probability move.
📉 Scenario 2: Bearish Breakdown (Invalidation) ❌
If price breaks below 1.07898, the bullish setup is invalidated.
A downside move could push the price lower, possibly towards 1.07500 or below.
Traders should exit long positions if this scenario unfolds.
5. Additional Technical Indicators for Confirmation
To strengthen this trade setup, traders can use:
✅ RSI (Relative Strength Index) – Look for RSI divergence or a move above 50, confirming bullish strength.
✅ MACD (Moving Average Convergence Divergence) – A bullish crossover on MACD would reinforce the breakout.
✅ Volume Analysis – A spike in volume at the breakout level adds confidence in the move.
6. Conclusion & Trading Plan
This falling wedge setup suggests a high-probability bullish breakout if the price confirms above the resistance zone.
🔹 Trading Plan Summary:
✅ Wait for a breakout above the wedge before entering.
✅ Confirm breakout with a retest or strong bullish candle.
✅ Set stop-loss below 1.07898 to limit downside risk.
✅ Take profit at 1.09839, securing profits at resistance.
This strategy offers an excellent risk-to-reward ratio, making it a well-structured trade setup. Always manage risk and avoid premature entries without confirmation.
📌 TradingView Tags for Maximum Visibility
#EURUSD #Forex #TechnicalAnalysis #FallingWedge #Breakout #PriceAction #ForexSignals #SupportResistance #TradingSetup #DayTrading #SwingTrading
EURUSD | 4H | WAIT BREAKOUTHey there, Traders,
I’ve put together an analysis for EUR/USD. Right now, I’m watching it like a hunter, waiting for a breakout. As soon as it happens, I’ll drop updates right here under this analysis.
Big thanks to everyone who supports me with likes—you guys are awesome!
God bless you all
EUR/USD Technical Analysis – Double Top Pattern & Bearish MoveThis EUR/USD 1-hour chart presents a clear Double Top pattern, signaling a potential trend reversal. The chart displays key technical elements, including support and resistance levels, trendlines, a stop-loss placement, and a take-profit target. Let’s go through an in-depth professional breakdown of this trading setup.
1. Market Structure and Trend Analysis
Before identifying the pattern, it’s crucial to analyze the market structure:
✔ The price had been in an uptrend initially, making higher highs and higher lows.
✔ However, the trend began to weaken after hitting resistance at the 1.0950 zone.
✔ This failure to break higher created a double top, which is a strong bearish reversal signal.
A double top forms when the price reaches a high twice, fails to break above resistance, and then declines past the neckline (support level), confirming trend reversal.
2. Double Top Pattern Breakdown
🔹 First Peak (Top 1):
The price surged upwards, hitting the resistance zone at 1.0950, but faced selling pressure.
The rejection resulted in a pullback to the neckline (support level at 1.0800-1.0820).
🔹 Second Peak (Top 2):
The price attempted another rally but failed at the same resistance zone, confirming seller dominance.
The second rejection suggests a lack of bullish strength, signaling a potential shift in momentum.
🔹 Neckline (Support Breakdown):
The key support zone around 1.0800 acted as a pivot level.
Once this level was breached, it confirmed bearish continuation.
3. Key Technical Levels & Price Action Signals
🟢 Resistance Level – 1.0950 Zone
This level has acted as a strong supply zone where sellers stepped in to push prices lower. The two failed breakout attempts indicate that buyers lost control.
🔵 Support Level (Neckline) – 1.0800-1.0820 Zone
Initially, this area provided buyer support, but once broken, it became a resistance level (previous support turns into new resistance).
⚡ Stop-Loss Placement – 1.09190
A well-placed stop-loss above the resistance zone protects against false breakouts.
If the price rises above this level, it invalidates the bearish structure.
🎯 Take-Profit Target – 1.06916
The projected target aligns with the measured move (the distance from the resistance to the neckline).
The price may find support at this level, where traders should look for a potential reversal or continuation.
4. Confirmation of Bearish Breakdown
For a high-confidence short trade, multiple confluences support the bearish bias:
✔ Break & Retest of the Neckline – After breaking support, the price attempted a retest and failed, confirming resistance.
✔ Trendline Break – The trendline supporting the previous uptrend has been decisively broken.
✔ Bearish Price Action – The formation of strong red candles and lower highs suggests sustained selling pressure.
✔ Momentum Shift – Increased bearish volume further confirms the reversal strength.
5. Trading Strategy & Execution Plan
✅ Entry Criteria
Sell after the retest rejection at the previous support (now resistance).
Look for a strong bearish candle formation as a confirmation signal.
📉 Risk Management
Stop-Loss: Placed slightly above 1.09190, ensuring the pattern remains valid.
Take-Profit: Target set at 1.06916, aligning with previous structure support.
💰 Risk-Reward Ratio
The setup offers an attractive risk-to-reward ratio, making it a high-probability trade.
6. Alternative Scenarios & Market Considerations
Although the bearish bias is dominant, traders should be prepared for alternative outcomes:
🔸 Fakeout Risk: If price closes above 1.09190, it could indicate a failed breakdown, invalidating the trade.
🔸 Bounce from 1.06916: If the price reaches the target support zone, buyers might step in, leading to a potential reversal.
🔸 Fundamental Influence: News events (such as FOMC, ECB statements, or US inflation data) can increase volatility and impact price direction.
7. Conclusion – A High-Probability Short Trade
This Double Top pattern setup presents a textbook bearish reversal, offering an excellent short-selling opportunity. The combination of technical confirmations, price action signals, and a well-structured risk-reward ratio makes this trade highly reliable.
Final Takeaways:
✔ Bearish Confirmation – Double Top breakdown with a retest rejection.
✔ Sell Setup Validity – Below 1.0800 support.
✔ Stop-Loss & Target Defined – Risk-controlled strategy execution.
📊 Verdict: Bearish trade setup with downside potential toward 1.06916. Traders should monitor price action for further confirmations! 🚀
EUR/USD 4H Analysis – Bearish Breakdown Setup1. Market Structure & Trend
The EUR/USD chart shows a previous uptrend, confirmed by the ascending trendline, where the price made higher highs and higher lows. However, the trendline has now been broken, signaling a potential shift in market direction. The price is currently retracing from a key resistance zone, and a possible bearish continuation is expected.
2. Key Levels & Zones
✅ Resistance Zone (1.09563 - 1.1000):
This blue-shaded area represents a strong resistance level, where sellers have stepped in multiple times.
Price previously attempted to break this level but failed, forming a rejection.
This suggests buyers are losing strength, and sellers are likely to dominate.
✅ Support Level (1.0800 - 1.0780):
A critical support zone, which acted as a demand area in the past.
If price breaks below this level with strong bearish momentum, it confirms a trend reversal.
✅ Target Level (1.06870):
The next major downside target aligns with previous market structure and liquidity zones.
This area marks a key demand zone, where buyers might step in again.
3. Trade Setup & Execution Plan
🔹 Entry Strategy
A sell entry is ideal on a confirmed break and retest of the support zone at 1.0800.
If price retests this level and forms bearish rejection candles (such as pin bars or engulfing patterns), it strengthens the bearish bias.
🔹 Stop Loss & Risk Management
A stop loss should be placed above the resistance zone at 1.09563, ensuring a safe exit if the market reverses bullish.
Risk-to-Reward Ratio (RRR):
Entry: Below 1.0800 (after confirmation).
Stop Loss: Above 1.09563 (resistance zone).
Target: 1.06870 (support zone).
RRR: Around 1:3, meaning potential profit is three times the risk.
4. Confirmation Indicators & Confluences
✅ Bearish Trendline Break:
The ascending trendline has been broken, confirming a possible shift in trend.
✅ Support Flip:
If the price breaks support and retests it as resistance, it confirms bearish continuation.
✅ Price Action Candlestick Patterns:
Look for bearish engulfing candles, pin bars, or rejection wicks at key levels.
✅ Volume Analysis:
Increased selling pressure after support break indicates strong bearish momentum.
5. Final Thoughts & Bias
📉 Bias: Bearish (Unless resistance is reclaimed).
💡 Key Watch: Break and retest of 1.0800 support for confirmation.
⚠️ Risk Management: Always use a stop loss to manage risk effectively.
Conclusion
This setup presents a high-probability short trade with a clear entry, stop loss, and target. Traders should wait for confirmation signals before executing the trade. If price breaks above resistance, the bearish outlook is invalidated.
🔔 Stay cautious and trade with discipline! 🚀
EURUSD Sell and Buy Trading PlanH4 - We had a strong bullish move with the price creating a series of higher highs, higher lows structure
This strong bullish move ended with a bearish Divergence
While measuring this strong bullish move using the Fibonacci retracement tool we have two key support zones that has formed (marked in green)
So based on this I expect potential short term bearish moves now towards the key support zones and then potential continuation higher.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.-
EURUSD at Key Resistance Level – Will Sellers Step In?OANDA:EURUSD has reached a key resistance level, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in.
If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.07400 level. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction.
Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management.
Fatigue in EUR/USD: Time to Sell the Rallies?Last week, EUR/USD saw an explosive rise, breaking above my 1.06 target and even surpassing the next resistance at 1.08.
However, signs of fatigue are emerging, and there appears to be significant selling liquidity around the 1.09 level.
With the DXY currently in a support zone and potentially set for an upward reversal, I expect EUR/USD to decline and correct its 500-pip rally.
A break back below 1.08 would confirm this scenario, potentially leading to a test of the 1.06 zone.
Selling rallies near 1.09 could offer a favorable risk-reward opportunity.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
