EURUSD is trading inside a well-defined uptrend channel on the 1-hour chart.
Price is currently consolidating near the upper channel boundary.
This range suggests buyers are losing momentum against resistance.
We’re waiting for a clean breakdown below this consolidation area.
A confirmed break would signal bearish momentum and a structure shift.
Multiple CHoCH and BOS levels indicate potential downside ahead.
Plan:
1.Wait for clear break and close below consolidation support.
2.Enter shorts only after confirmation of breakdown.
3.Manage risk with stops above recent highs.
Targets:
1st Target: 1.1600
2nd Target: 1.4500
Stay patient and follow price action confirmation.
Like, comment, share, and follow for more trade ideas.
Price is currently consolidating near the upper channel boundary.
This range suggests buyers are losing momentum against resistance.
We’re waiting for a clean breakdown below this consolidation area.
A confirmed break would signal bearish momentum and a structure shift.
Multiple CHoCH and BOS levels indicate potential downside ahead.
Plan:
1.Wait for clear break and close below consolidation support.
2.Enter shorts only after confirmation of breakdown.
3.Manage risk with stops above recent highs.
Targets:
1st Target: 1.1600
2nd Target: 1.4500
Stay patient and follow price action confirmation.
Like, comment, share, and follow for more trade ideas.
Trade active
EURUSD – Trade Activated ✅The consolidation breakdown is confirmed on the 1H chart.
EURUSD has broken key support and is now falling with strong bearish momentum.
This marks a clear structure shift—sellers are now in control.
📌 Trade is now active after the breakdown.
We’re targeting lower support levels as long as price holds below the broken zone.
Stay disciplined and follow your trade plan.
Like, comment, share & follow for more trade updates.
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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.
Related publications
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.