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! 🚀
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! 🚀
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.