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Hello 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! 🚀

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