121Hello awesome traders! 👑✨
Let’s kick off the week with a EUR/USD 2-Hour chart — spotting a high-probability 121 Bearish reversal to ride lower.
🧠 Setup Breakdown
Pattern Type: 121 Bearish Reversal
X → A: Downtrend from 1.18297 → 1.17464
A → B: Retracement up to 1.18098
B → C: Drop to 1.17165
C → D: Leg up into 1.17899 completing the 121
PRZ / PCZ: Confluence of 78.6% & 100% of BC at 1.17663–1.17799
✅ Why This Works
Clean 121 structure with two distinct retracements
Amplitude Symmetry: AB ≈ CD in price distance (~130 pips each)
Horizontal resistance from the prior B-swing lines up with PCZ
⚔️ Entry & Risk Management
Entry Zone: Short within 1.1766–1.1780 (PCZ)
Stop-Loss: Above swing high D at 1.17899, 5–10 pips higher (~1.1805)
Risk: ≤ 1–2 % of account per trade
🎯 Target Zones
Target Zone 1: 78.6%–100% retracement of C→D → 1.17009–1.16767
Target Zone 2: 127.2%–161.8% extension of C→D → 1.16459–1.16067
🔍 Confirmation & Invalid
Candlestick Rejection: Watch for bearish pin-bar or engulfing at PCZ
Structure Break: Close back below C→D trendline adds conviction
Invalidation: A decisive close above 1.1805 (above PCZ & D) negates the setup
💡 Keep It Simple:
Pattern → Spot 121 Bearish
PCZ → Wait for 78.6–100 % retracement of BC
Trigger → Bearish price action at D
Continuation → Ride the move into your Target Zones
🔔 Monitor ECB speak and risk-sentiment for broader catalysts.
Wishing everyone a profitable week ahead — stay disciplined, manage risk, and let structure lead, not emotions! 🚀
