EUR/USD | EURUSD Reacts Perfectly From Supply – First Target Hit
By analyzing the #EURUSD chart on the 1-hour timeframe, we can see that price reacted exactly as expected from the 1.18780–1.18900 supply zone. As mentioned in the previous analysis, this was a key resistance area, and once price entered this zone, selling pressure stepped in immediately.
EURUSD started its corrective move from this supply region and delivered a clean 34-pip drop, successfully hitting the first downside target at 1.18500. This confirms that the supply zone is still valid and that sellers are defending this area.
All previous assumptions remain valid. As long as price continues to stabilize below this resistance zone, the downside scenario stays intact, with the next potential targets remaining 1.18330 and 1.18250.
THE MAIN ANALYSIS :
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EURUSD started its corrective move from this supply region and delivered a clean 34-pip drop, successfully hitting the first downside target at 1.18500. This confirms that the supply zone is still valid and that sellers are defending this area.
All previous assumptions remain valid. As long as price continues to stabilize below this resistance zone, the downside scenario stays intact, with the next potential targets remaining 1.18330 and 1.18250.
THE MAIN ANALYSIS :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade fechado: objetivo atingido
By analyzing the #EURUSD chart on the 1-hour timeframe, we can see that price moved exactly in line with our expectations. After reacting from the $1.18780–$1.18900 supply zone, EURUSD initiated a strong bearish expansion and continued its downside move aggressively.All previously mentioned targets were successfully hit, and price even extended the move down to the $1.17700 level. This confirms that the supply zone was strongly defended by sellers and that the bearish structure remained fully intact throughout the move.
The total return of this analysis exceeded 106 pips, and I hope you were able to capitalize on this opportunity. The structure-based approach once again proved its strength.
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📘 Wanna Learn ICT & SMC? Get the Full Book Here : bit.ly/ICT-BOOK
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.