EURUSD is currently moving within a well-defined downtrend channel on the 1-hour timeframe.
The pair has completed a clear breakdown below key support, creating a retest zone that traders should watch carefully.
Price action shows a series of lower highs and lower lows, confirming strong bearish structure.
After the initial breakdown, EURUSD is now retesting the broken support as new resistance—this is a textbook bearish setup in trend trading.
Early signs of rejection wicks and small bearish candles suggest sellers are stepping in.
However, a strong bearish candle from the retest zone is needed to confirm that the move is ready to continue downward.
Trade Plan:
1. Wait for clear bearish confirmation from the retest zone.
2. Enter only after a strong close below the retest to avoid early or false entries.
4. Place stop-loss above the retest zone for controlled risk.
5. Hold trade toward the target point at 1.14778 for maximum potential.
5. Consider scaling partial profits at intermediate support levels if price stalls.
Key Notes:
1. Patience is critical—no confirmation, no entry.
2. Risk management must be strict with defined stops and sizing.
3. This setup aligns with smart money concepts: breakdown → retest → continuation.
4. Watch for volatility—wait for the market to commit.
Like, comment, share & follow for more premium trade ideas.
The pair has completed a clear breakdown below key support, creating a retest zone that traders should watch carefully.
Price action shows a series of lower highs and lower lows, confirming strong bearish structure.
After the initial breakdown, EURUSD is now retesting the broken support as new resistance—this is a textbook bearish setup in trend trading.
Early signs of rejection wicks and small bearish candles suggest sellers are stepping in.
However, a strong bearish candle from the retest zone is needed to confirm that the move is ready to continue downward.
Trade Plan:
1. Wait for clear bearish confirmation from the retest zone.
2. Enter only after a strong close below the retest to avoid early or false entries.
4. Place stop-loss above the retest zone for controlled risk.
5. Hold trade toward the target point at 1.14778 for maximum potential.
5. Consider scaling partial profits at intermediate support levels if price stalls.
Key Notes:
1. Patience is critical—no confirmation, no entry.
2. Risk management must be strict with defined stops and sizing.
3. This setup aligns with smart money concepts: breakdown → retest → continuation.
4. Watch for volatility—wait for the market to commit.
Like, comment, share & follow for more premium trade ideas.
Trade active
EURUSD – Trade UpdateEURUSD trade is currently running with 80 pips in profit.
Price action is following our plan well – keep holding for the target point.
Maintain discipline, manage your stop-loss, and let the move develop.
Like, comment, share & follow for more trade ideas.
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.
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.