On the 1-hour chart, EURUSD tapped into the 4hr Supply + OB zone 🟧 and failed to hold above previous structure.
- BoS (Break of Structure) shows weakness at highs
- ChoCh (Change of Character) confirms bearish shift
- Price rejected from 0.236 Fib level (1.17400) and is moving lower
Plan:
- Expecting price to move toward 1.16200 (≈ 120 pips from current level) 🎯
- Bearish momentum remains valid as long as price stays below supply zone
- Confirmation candles & retests strengthen short bias
Reasoning:
- Supply zone rejection + failed breakout
- Clear structure shift (ChoCh) toward lower lows
- Fib retracement confluence (0.5 – 0.618 zone) aligning with sell pressure
(Not financial advice – only a personal observation)
- BoS (Break of Structure) shows weakness at highs
- ChoCh (Change of Character) confirms bearish shift
- Price rejected from 0.236 Fib level (1.17400) and is moving lower
Plan:
- Expecting price to move toward 1.16200 (≈ 120 pips from current level) 🎯
- Bearish momentum remains valid as long as price stays below supply zone
- Confirmation candles & retests strengthen short bias
Reasoning:
- Supply zone rejection + failed breakout
- Clear structure shift (ChoCh) toward lower lows
- Fib retracement confluence (0.5 – 0.618 zone) aligning with sell pressure
(Not financial advice – only a personal observation)
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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.