EURUSD, (1H chart pattern).
Clear double top (“1st top” and “2nd top”) around 1.1900
Price is extended above the Ichimoku cloud → pullback / correction likely
Me’ve already marked downside target zones, which makes sense
Logical downside targets
Based on structure + support levels:
🎯 Target 1 (conservative)
≈ 1.1800
Prior consolidation area
Psychological round number
Likely first reaction / partial profit zone
🎯 Target 2 (main target)
≈ 1.1680 – 1.1700
Strong previous support
Near cloud base / value area
Matches measured pullback after impulsive move
In short
TP1: 1.1800
TP2: 1.1680–1.1700
If price breaks and holds above 1.1900, the double-top idea is invalid and bearish targets are off.
If my want, I can also:
Suggest stop-loss placement
Do a risk-reward breakdown
Or map bullish targets if it breaks higher 📈
Clear double top (“1st top” and “2nd top”) around 1.1900
Price is extended above the Ichimoku cloud → pullback / correction likely
Me’ve already marked downside target zones, which makes sense
Logical downside targets
Based on structure + support levels:
🎯 Target 1 (conservative)
≈ 1.1800
Prior consolidation area
Psychological round number
Likely first reaction / partial profit zone
🎯 Target 2 (main target)
≈ 1.1680 – 1.1700
Strong previous support
Near cloud base / value area
Matches measured pullback after impulsive move
In short
TP1: 1.1800
TP2: 1.1680–1.1700
If price breaks and holds above 1.1900, the double-top idea is invalid and bearish targets are off.
If my want, I can also:
Suggest stop-loss placement
Do a risk-reward breakdown
Or map bullish targets if it breaks higher 📈
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.