Eurusdshort
EUR/USD Wedge Breakout (17.2.25)The EUR/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.0413
2nd Support – 1.0375
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
EURUSDEUR/USD has faced strong rejection from the 1.04400 resistance level in the H1 timeframe, signaling a possible downside move. If bearish momentum continues, the price may decline towards the following key levels:
📉 Target 1: 1.03950
📉 Target 2: 1.03500
🔹 Stop Loss: 1.04700 (to limit potential losses in case of reversal)
Scenario on EURUSD 12.2.2025On the EURUSD market, I would see the following scenarios. I think that if a floor were to be established, then the sfp at the price of 1.02424 should follow, from here the price could rebound upwards. If the market does not react to this level, then we have the last option and that is the sfp at the price of 1.01958. Then we only have the monthly level, which if it does not hold, I would look for an entry into the long until somewhere below this level, otherwise I see short positions first around the price 1.04650 and then around the monthly level at the price of 1.05795.
BEARISH SWING SETUP ON EU The last setup I posted was bullish and did give a good reaction that I took as confirmation however the trade did not play out. This then caused a bearish choch on the daily and price has since pulled back and is now showing bearish structure.
Both swing and internal structure on the 4H timeframe and above are bearish so that is the direction I'm following right now.
Fractal structure on the 4H is currently bearish and I will continue trading in that direction targeting January's low.
$EURUSD IdeaToday, my analysis of EUR/USD points to a potential bearish movement, based on the following points:
First, the correction on the 1-hour chart suggests that the pair is seeking liquidity outside the daily range. The daily IRL region coincides with a 4-hour OB (Order Block) and a swing high, which could create an order cluster. The expectation is that the price will react at this level, seeking the original consolidation and completing the bearish move.
This is the outlook for the day, with a focus on maintaining discipline and managing risk as market conditions evolve.
EUR/USD Weekly: Double Top Signals Further Downside Potential
The EUR/USD weekly chart shows a clear double top formation, with the neckline already broken, indicating a potential bearish continuation.
Scenario 1:
The price could retest the broken neckline, which now acts as resistance, before resuming its downward move. This scenario aligns with the prevailing bearish trend, targeting the key support zone at 0.99810.
Scenario 2:
If the price manages to break above the resistance after retesting the neckline, it may enter a consolidation phase within the larger descending channel. However, the overall trend remains bearish unless the price breaks out of the channel.
The ultimate target for this downtrend lies in the 0.99810 region, where significant support could trigger a reaction. Traders should monitor the neckline retest and price behavior near resistance for further confirmation.
EURUSD - Sell Setup After Key Support BreakOANDA:EURUSD has decisively broken below a key trendline, signaling an increase in bearish momentum. This breakdown suggests that sellers are gaining control, with the potential for further downside continuation.
In the near term, price may revisit the breakout level for a retest, where the previous support could now act as resistance. A failure to reclaim this level would reinforce bearish sentiment, increasing the likelihood of renewed selling pressure. If sellers maintain dominance, the price may head toward the 1.03120 level.
For confirmation of continued downside movement, traders should look for bearish technical signals, such as a rejection wick, a bearish engulfing candlestick, or increased selling volume. Conversely, a sustained move back above the resistance level could invalidate the bearish setup and shift the bias toward a potential bullish recovery.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
Fri 31st Jan 2025 Daily Forex Charts: 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, NZD/USD Sell & a USD/SGD Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
Trendline Tragedy: When the Market Betrays You!Oh, EUR/USD , you sly fox 🦊. First, you tease us with those sweet higher highs. "Look at me, I’m unstoppable!" you whispered seductively. Traders fell for it. Hook, line, and PIP sinker. 🎣
But then... BOOM! Trendline broken. Cue the dramatic sell-off. 📉
Like a bad date, it ghosted the bulls and ran straight into bearish territory. 🫥
And the RSI? That snitch. 🤐
Price: "Higher highs, baby!"
RSI: "Yeah, sure... but I’m tired. Let’s tank."
Now we're left with the aftermath—a chart that screams "Trust issues!" 😤
Lessons from the Madness:
1️⃣ Trendlines are like New Year’s resolutions—easily broken.
2️⃣ Momentum doesn’t lie. When RSI starts giving you side-eye, maybe it’s time to listen. 👀
3️⃣ Markets are savage. Bring tissues and an exit strategy. 💔
But hey, at least we can laugh about it now. Right? 😅 Or is that just the sound of retail traders crying in the corner? 🤷♂️
Who's ready for the next trendline betrayal? Raise your stop losses! ✋