Mazagon Dock (MAZDOCK) — Second Test of the 0.786 Fib ZoneOverview
Mazagon Dock has pulled back hard from its highs, and price is now testing an important support zone for the second time. Let's look at what's happening and what to watch for.
What's Happening
The stock had a strong run from 1,926 all the way up to 3,775, and has been falling back since then. Right now, price is sitting at the 0.786 Fib level (2,321.90) — and this is actually the second time it's come down to test this exact zone.
That matters. A level that gets tested once and holds is good. A level that gets tested twice and still holds is usually seen as stronger, since more traders are now watching and defending that price.
There's also a falling trendline resistance from the highs still in play, and the Weekly 50 EMA (2,510) sits just above current price too — so even if this support holds, there's a bit of a fight waiting above.
Key Levels to Watch
Support Zone (being tested now): 2,321–2,342 (Fib 0.786)
Bigger support below: 1,926 (Major Support) and Weekly 200 EMA (1,812)
Resistance above: Weekly 50 EMA (2,510), then the trendline resistance further up
Next Fib levels up if it bounces: 2,632 (0.618), then 2,850 (0.5)
Two Ways This Can Go
If support holds again: This would be the second successful defense of this zone, which is a good sign. Watch for a bounce back toward the 50 EMA (2,510) as the first hurdle.
If support breaks this time: A close well below 2,321 would mean the zone has finally given way, and the next real support to watch would be much lower, near 1,926 and the 200 EMA around 1,812.
Beginner's Lesson
Not all support levels are equal. A level that's been tested and held more than once tends to carry more weight, simply because more people remember it and act around it. That said, no level holds forever — eventually, even strong support can break if selling pressure is strong enough. This is why we always wait for confirmation rather than assuming a level will hold just because it did before.
Conclusion
Mazagon Dock is at an interesting second test of a key support zone. As always, we're watching for confirmation rather than guessing which way it goes. We'll post an update once this resolves one way or the other.
For educational purposes only. Not financial advice. Always manage your risk. 
Long
NIFTY Weekly updateNIFTY50 traded in the tight range of 24,000-24,500 (EMA confluence levels) during the last week, before closing ~130 points higher compared to its previous week.
The FII selling has resumed in the markets, after a pause before week, amid the reignition of geopolitical tensions. Further, the raising oil prices and higher than expected CPI numbers gave no respite to the markets.
For the current week, I expect market to trade in the range of 24,000-24,400. On the upside, 25,100 will act as the first resistance level. On the downside, 23,800 can act as first support level and the previous swing low of 23,000 further. Nifty 50 : Trendline Support Holding, 50 EMA Still the Big TestOverview
Quick weekend look at the bigger picture on Nifty. On the weekly chart, two things stand out right now: a rising trendline support that's been holding nicely, and a resistance zone around the Weekly 50 EMA that price keeps trying (and failing) to clear.
What's Happening
Since the March low, Nifty has been climbing steadily along a rising trendline, currently sitting under the price. That trendline has done its job well so far — every dip toward it has found buyers.
At the same time, price has made a few attempts to break above the Weekly 50 EMA (currently at 24,378) and the resistance zone around 24,601–24,989, but hasn't managed a clean breakout yet. You can see two clear rejection points marked on the chart where price pushed into this zone and got pushed back.
There's also a support zone around 23,817 that's been tested four times now and has held each time — that's a pretty reliable level at this point.
Key Levels
Resistance Zone: 24,378 (Weekly 50 EMA) to 24,601–24,989
Support Zone (tested 4 times): 23,817
Trendline Support: rising, currently well below price, adding a longer-term floor
The Bigger Picture
Right now, Nifty is stuck between a well-tested support below and a resistance zone that keeps rejecting it above. Until one of these gives way clearly, we're likely to keep seeing this back-and-forth kind of price action.
What Would Change the Picture
A clean weekly close above 24,601 would be a good sign buyers are finally taking control of the bigger trend
A break below 23,817, especially with the trendline support also giving way, would be the first real sign this uptrend structure is in trouble
Beginner's Lesson
When a stock or index keeps failing at the same zone multiple times, it doesn't mean it will never break through — it just means buyers haven't found enough strength yet. The more times a level gets tested without breaking, the more important it becomes when it eventually does break, in either direction.
Conclusion
Nifty remains range-bound between strong support below and a tough resistance zone above. No clear signal yet either way — just watching how these two boundaries play out over the coming weeks.
For educational purposes only. Not financial advice. BSE Ltd — Pulling Back Hard, Watching the 0.618 Fib + Wedge ZoneOverview
BSE has had a strong run since April, but today it's seeing a sharp fall (currently down 2.11%, trading around 3,607). This drop has brought price right into an important zone — where an old Fibonacci level and a wedge pattern are meeting. Let's break down what we're watching.
What's Happening
Price rallied hard from 3,031 all the way to a high of 4,446 in just a couple of months. That's a big move, so some pullback is normal. Since then, price has been falling in a wedge shape (marked in red), and today's fall has pushed it right down to the 0.618 Fib level around 3,572.
Right now, price is trading between its two EMAs — below the 50 EMA (3,800) but still above the 200 EMA (3,209). This tells us the bigger uptrend isn't broken, but the stock is definitely cooling off hard after its big run.
Key Levels to Watch
Zone to Watch: 3,570–3,610 (0.618 Fib + wedge support meeting here)
If this zone breaks: next level is 0.786 Fib at 3,334
If price bounces from here: first hurdle above is 0.5 Fib at 3,739, then 0.382 Fib at 3,906
Bigger picture support: 200 EMA around 3,209
Since the Market Is Still Open Today
This is based on where price is trading right now, not a closed candle. Since we're mid-session, wait for the close today (or even a session or two more) before treating this zone as confirmed support or a broken level.
Two Ways This Can Go
If the zone holds: A bounce from here, especially with a strong green candle, would be a good sign buyers are stepping back in. Watch for price to reclaim 3,739 next.
If the zone breaks: A close well below 3,570 today or tomorrow would mean sellers are still in control, and 3,334 becomes the next zone to watch.
Beginner's Lesson
When a stock falls sharply after a big rally, it's easy to panic or get excited too early. The smart move is to mark the zone where multiple signals line up (like we did here with the Fib level and wedge), and then simply wait. Let price show you what it wants to do, rather than guessing in the middle of a sharp move.
Conclusion
BSE is testing an important zone today after a strong rally. As always, we prefer to wait for confirmation rather than jumping in mid-fall. We'll keep watching and post an update once this plays out.
For educational purposes only. Not financial advice. Always manage your risk. 
Long
DLF — Reclaiming EMAs After Multi-Year Trendline Support TestOverview
DLF has staged a sharp move today (+3.96%, closing at 685.75), reclaiming both its 50 EMA (615) and 200 EMA (645) after a multi-month downtrend from the 2024 high of 967.60. This bounce comes off a well-established rising trendline that has held since 2021, having been tested and respected at the 2022 low, the 2023 low, and again at the recent 2026 low — making it a genuine multi-year structural support.
Closer view of recent Chart patterrn
Pattern Explanation
The stock has been in a broad uptrend since 2021, with a long-term rising trendline connecting successive higher lows across 2022, 2023, and now 2026. Price recently pulled back to test this trendline again near the 517–520 zone before today's sharp reversal. The move has pushed price back above both EMAs in a single session, which is often an early signal of a potential trend shift after an extended decline, though it needs follow-through to confirm.
Key Levels
Resistance Zone: 806
200 EMA: 645 (644.52)
50 EMA: 615 (614.91)
Support / Invalidation Zone: 517.65
Major Reference High: 967.60
Major Reference Low: 231.85
Scenarios
If the EMA reclaim holds: Continued stabilization above the 615–645 zone would support the case that this is a genuine trend shift rather than a one-day bounce, with the Resistance Zone at 806 as the next major level to watch.
If the reclaim fails: A close back below the 50 EMA (615), and especially a break below the Support/Invalidation zone at 517.65, would suggest today's move was a temporary bounce within the larger downtrend, keeping the long-term rising trendline as the key structural level to watch instead.
Beginner's Lesson
Reclaiming key moving averages after an extended decline is a meaningful technical event, but a single strong session isn't enough to confirm a trend change on its own. What matters more is whether price can hold above these averages over the following sessions rather than slipping back below them — that follow-through is what separates a genuine shift from a short-lived bounce.
Conclusion
DLF has shown a strong reaction off multi-year trendline support today, reclaiming both EMAs in the process. As always, wait for confirmation over the next few sessions before drawing firm conclusions, and manage risk according to your own plan.
Not investment advice. For educational purposes only. Please consult your financial advisor before making any trading decisions. 
Long
Uno Minda (W): Bullish (Angular BO & Pre-Resistance Squeeze)Timeframe: Weekly | Scale: Logarithmic
Uno Minda has successfully broken a multi-month angular downtrend line active since its All-Time High. The stock is now coiled right below a critical horizontal resistance, building momentum for the next leg up.
📈 1. The Chart Structure (The Breakout)
> The Angular Breakout: The stock definitively cleared the descending trendline that had been capping its upside since the ₹1,382 peak. Closing the week near ₹1,163–₹1,166 confirms that buyers have overpowered the bears on this axis.
> The Immediate Ceiling: The stock is currently fighting a "support-turned-resistance" horizontal level. It hit an intraday high of ₹1,179.90 on Friday before facing mild intraday profit-booking.
📊 2. Volume & Indicators
> Volume Ignition: The weekly volume of 6.09 Million is excellent. Consistent volume expansion during a breakout is the most reliable indicator of a sustainable move, showing that the "Smart Money" is participating.
> Trend Harmony:
- EMAs: The Positive Crossover (PCO) of short-term EMAs on both Daily and Weekly charts confirms that the immediate path of least resistance is up.
- Momentum: Both RSI and MACD are rising on both Weekly and Daily timeframes, indicating that bullish momentum is steadily accelerating without being overbought yet.
🎯 3. Future Scenarios & Key Levels
The trade hinges on clearing the immediate horizontal resistance.
🐂 Bullish Targets (The Markup):
Trigger: A decisive Daily/Weekly Close above ₹1,180.
- Target 1: ₹1,250.
- Target 2: ₹1,328.
🛡️ Support (The "Must Hold"):
- Immediate Support: ₹1,135. This is the critical floor. It served as a solid intraday base earlier in the week.
- Invalidation: A close below ₹1,100 would invalidate the breakout momentum and suggest a return to sideways consolidation. 
Long
PSP Projects Ltd. (NSE: PSPPROJECT)Current Market Price (CMP): ₹836.05 (Up 8.23% in the latest session).
Following a prolonged corrective phase from its 52-week high (also ATH) of ₹1,029.90 down to a key structural low of ₹569.20, PSP Projects Ltd. has entered a decisive bullish reversal phase.
It has shown a strong recovery from its March–April 2026 lows, with the stock now trading near ₹836 after reclaiming key moving averages and witnessing improving momentum indicators. The current structure suggests a medium-term bullish continuation attempt, although some oscillators indicate short-term consolidation before the next directional move.
The trend structure currently resembles:
Accumulation → Breakout → Retest → Continuation
The stock has demonstrated:
Strong reversal from the ₹570–600 support zone
Higher highs and higher lows over recent weeks
Rising volume participation during breakout phases
Momentum improvement across RSI, MACD, and trend indicators
Chart Structural Patterns & Price Action & Technical Indicators
1. The Rounded Accumulation Base (Rounding Bottom)
The stock found structural demand between ₹570 and ₹600. The price action from Feb 2026 through May 2026 has formed a well-defined Rounding Bottom / Rounded Accumulation Base, forming a Cup and Handle pattern.
The Breakout: The recent move past the ₹780-800 milestone marks a decisive breakout from this accumulation curve.
EMA: Trading above all short, medium and long term moving averages. Recently 20EMA crossed above 50EMA, confirming bullish setup. This crossover is generally considered, a medium-confidence buy signal.
RSI: The RSI appears to be trading around the 60-63 zone after cooling off from overbought territory near 70 in early May.
MACD: The MACD indicator recently generated a bullish crossover and remains above the zero line.
ADX: The ADX has bottomed out and is beginning to curl upward beyond 20.
Bull Case: The bullish outlook confirms as long as:
Price sustains above ₹800
RSI remains above 50
MACD stays positive
Conservative traders can buy on daily close above ₹868-870; risk traders can buy now.
Potential Upside Targets
Target 1 (easier): ₹900-930 (strong resistance zone)
Target 2 (medium): ₹1,000-1,030 (will meet ATH)
Target 3 (risky): ₹1,080 only possible if momentum continues beyond ATH and breakout sustains.
Stop Loss: Daily closing below EMA support zone (around ₹760–₹770) and would invalidates this breakout setup.
Bear Case: The structure weakens if:
Price falls below ₹760
EMA bullish crossover fails (20EMA & 50EMA)
RSI breaks below 45
This could trigger, deeper correction toward ₹680–700
Happy Trading
Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any stock. Technical analysis, including the study of RSI, SMA study, MACD patterns, is based on publicly available information and on historical data, which does not guarantee future results. I am not a SEBI-registered financial advisor, and Investors should conduct their own research or consult with a SEBI-registered financial advisor before making any investment decisions. Investments in the securities market are subject to market risks; read all the related documents carefully before investing. 
Long
Long
HAL - Symmetrical Triangle Coiling on Weekly ChartOverview
Hindustan Aeronautics has been consolidating inside a large symmetrical triangle since its July 2024 high of 5,674.75, with price now compressing right into the apex around the 4,320–4,385 zone. This is the first time we're covering the defense/aerospace space, and the multi-timeframe setup here — both weekly and daily charts showing the same structure — makes it a notable one to watch.
Pattern Explanation
On the weekly chart, a descending resistance line connects the July 2024 high down through lower highs to the current Resistance Zone at 4,737.60, while a rising support line connects the March 2025 low near 3,046.05 up through higher lows to the current Support Zone at 3,600.25. These two lines are converging, and price is now sitting almost exactly at the 50-week EMA (4,320.96) — a tight coiling right at this average that often precedes a decisive directional move once the triangle resolves. The 200-week EMA (3,474.54) sits well below, closer to the triangle's support boundary, giving a longer-term reference if the pattern resolves lower.
On the daily timeframe, the same structure is visible at finer resolution: price is pinned closely between its own daily EMAs (4,339.93 and 4,344.59), confirming this is a genuine multi-timeframe consolidation rather than noise on a single chart. The daily chart also shows the same descending resistance and rising support lines converging toward the same zone, reinforcing the weekly picture.
Key Levels
Resistance (Triangle Upper Boundary): 4,737.60
Support (Triangle Lower Boundary): 3,600.25
Current Consolidation Zone: 4,320–4,385
50-week EMA: 4,320.96
200-week EMA: 3,474.54
Major Reference High: 5,674.75
Major Reference Low: 3,046.05
Scenarios
If resistance breaks: A close above 4,737.60 would suggest the triangle is resolving bullishly, with the prior swing highs near 5,000–5,200 as a reasonable first reference and the July 2024 high (5,674.75) as a longer-term marker.
If support breaks: A close below 3,600.25 would suggest the triangle is resolving bearishly, with the 200-week EMA (3,474.54) as an immediate reference and the 3,046.05 zone as the next major level below.
Beginner's Lesson
A symmetrical triangle is one of the more neutral chart patterns — unlike an ascending or descending triangle, it doesn't inherently favor one direction. The value of spotting one isn't predicting which way it breaks, but recognizing that the compression itself signals decreasing volatility and an approaching decisive move. Here, the added detail of price consolidating right at the 50-week EMA on the weekly chart, and near dual EMAs on the daily, adds extra weight to this specific zone as the one to watch.
Conclusion
HAL is coiling tightly inside a well-defined symmetrical triangle across both weekly and daily timeframes. As always, wait for a confirmed close beyond either boundary before drawing directional conclusions, and manage risk according to your own plan.
Not investment advice. For educational purposes only. Please consult your financial advisor before making any trading decisions. HEROMOTOCO — Falling Wedge Resistance Holds at the 50 EMAOverview
Hero MotoCorp attempted to break above its falling wedge resistance today, touching a high of 4,975 before reversing sharply to close down 2.05% at 4,892.80. Notably, this rejection occurred right at the 50 EMA (4,994.61), which has been tracking closely with the wedge's upper boundary — a double layer of resistance that proved difficult to clear on the first attempt.
Pattern Explanation
The stock has been compressing inside a falling wedge since the December high of 6,388.50, with the upper resistance trendline and the 50 EMA converging in the same zone through recent sessions. This kind of confluence — a structural trendline lining up with a widely-watched moving average — often makes for a tougher resistance to clear cleanly, and today's rejection candle reflects exactly that dynamic. Sellers stepped in decisively at this zone rather than letting price consolidate above it.
Key Levels
Resistance (Wedge Trendline + 50 EMA Confluence): 4,975–5,000
Support (Wedge Lower Boundary): tracking near 4,750–4,800 currently
Prior Swing Support: 4,671.50
Scenarios
If support holds: A pullback that stabilizes above the wedge's rising support line and the recent low near 4,671 keeps the pattern intact, setting up a possible second attempt at the 50 EMA and resistance trendline later.
If support breaks: A sustained close below the wedge's lower boundary would suggest sellers are back in control, with the pattern breaking down rather than resolving bullishly.
Beginner's Lesson
When a trendline and a moving average line up in the same price zone, it often creates a stronger resistance than either would on its own — this is called confluence. A single rejection at such a zone isn't necessarily bearish for the bigger picture, but it does tell you buyers need to work harder to clear it. Watching whether the stock holds its rising support on this pullback will say a lot about whether the next attempt has a better chance.
Conclusion
Hero MotoCorp's rejection at the 50 EMA and wedge resistance keeps the stock range-bound for now. Worth tracking how the pullback behaves relative to the wedge's support line before expecting another test of resistance. As always, wait for confirmation before drawing conclusions.
Not investment advice. For educational purposes only. Please consult your financial advisor before making any trading decisions. BHARTIARTL — Descending Triangle Testing Breakout on Daily ChartOverview
Bharti Airtel has spent the last five months carving out a textbook descending triangle on the daily chart, and today's session is where it starts getting interesting. Price rallied 1.89% off a strong base, pushing right into the resistance line that's been capping every rally since February. If this holds, we could be looking at the start of a fresh leg higher after months of range-bound grinding.
Pattern Explanation
The structure here is clean: a descending resistance line connecting the February high (2057) down through a series of lower highs, meeting a rising support line built off higher lows since the May bottom (1740.50). That's a classic descending triangle — lower highs compressing into a flat-ish floor, which usually resolves in the direction of the prevailing higher-low structure once broken.
Today's candle closed right at the confluence of that resistance line and the 1910-1913 zone, which has acted as a pivot multiple times since June. This is the first real test of the trendline with strong volume and price momentum behind it, not just a wick poking through.
Key Levels
Breakout Trigger Zone: 1910–1913
Invalidation: 1856.85 (below recent swing structure)
Target Zone: 1999.65
Structure Low / Pattern Origin: 1740.50
Distribution Top: 2057
Risk-to-reward from current levels works out to roughly 1:1.7, which is a reasonable setup for anyone tracking this on the daily timeframe.
Scenarios
Bullish scenario: A daily close above 1913 with follow-through volume opens the door toward 1980, and eventually the 1999–2000 target zone. Watch how price behaves around the 1940-1960 area — that's where the 200 EMA region previously acted as resistance during the March-April decline, so some hesitation there wouldn't be surprising.
Bearish scenario: If price fails to hold above 1910 and slips back under the rising support line (currently tracking near 1885-1890), the triangle thesis weakens and a retest of 1856-1860 becomes likely. A break below 1856.85 would invalidate the setup entirely and put the May-June range lows back in play.
Beginner's Lesson
A descending triangle is one of the more reliable continuation/reversal patterns to learn because it tells you two things at once: sellers are getting weaker (lower highs, but shallower each time) while buyers are getting stronger (higher lows). When those two lines converge, it's usually a sign that a decisive move is close. The key skill isn't spotting the pattern — it's waiting for the actual break with volume, rather than jumping in on the first touch of the resistance line. Airtel gave several false pokes at this trendline back in May and June that faded; today's move has more conviction behind it, which is what separates a real breakout attempt from noise.
Conclusion
Bharti Airtel is at a genuine decision point after months of consolidation. The structure is clean, the levels are well-defined, and today's price action gives the bulls their strongest case yet. As always, this is for educational and analytical purposes — confirm with your own risk management and position sizing before acting, and keep an eye on the 1910-1913 zone over the next couple of sessions to see if this breakout has legs.
Not investment advice. For educational purposes only. Please consult your financial advisor before making any trading decisions. 
Long
Long
NIFTY | 23,776 Held — Trendline Retest After Breakout AttemptOverview
Last week, this chart highlighted the 4th Test of the Confluence Zone where the Descending Resistance Trendline met the Swing High at 24,265. The analysis called for close observation of that candle. This week delivered a clear answer — and a new, more interesting structure has now emerged on the Daily chart.
What Happened This Week — The Follow-Up
🔴 The Rejection — Price was rejected from the Confluence Zone as anticipated, declining toward the Swing Low at 23,776.
🟢 The Higher Low — 23,776 held as support — buyers defended this level strongly. This is significant because it confirms a Higher Low structure — the first sign of potential trend shift.
🟢 The Breakout Attempt — Price broke above the Swing High at 24,265 with a gap up, briefly crossing the Descending Resistance Trendline. However the candle closed near the breakout level with selling pressure — suggesting the move is not yet fully confirmed.
🔵 Trendline Retest — Price is now retesting the Descending Resistance Trendline from below — the same trendline that has rejected price multiple times since March.
The New Structure — What Changed
Two important new elements have appeared this week:
📈 Rising Support Trendline (green dashed) — connecting the lows from April through June, this rising trendline shows buyers are making higher lows consistently. This is a structural shift from pure bearishness.
📊 200 EMA at 24,421 — the 200 Daily EMA sits just above current price, adding another layer of resistance above the trendline. Price needs to clear both the trendline AND the 200 EMA to confirm a genuine bullish shift.
Together the Descending Resistance Trendline + 200 EMA create a resistance cluster between 24,270 and 24,421 — a significant zone to watch next week.
Key Levels
🔴 200 EMA Resistance — 24,421
🔴 Descending Trendline — dynamic, currently ~24,270
🔴 Swing High — 24,265
🔴 Resistance above — 24,490 / 24,610
🟢 Higher Low / Swing Low — 23,776
🟢 Support — 23,308
🟢 Major Support — 23,067
Three Scenarios for Next Week
🟢 Scenario A — Confirmed Breakout
Price closes decisively above the Descending Trendline AND the 200 EMA (24,421) on a daily basis. This would confirm the breakout attempt as genuine and signal a structural shift. Next target — 24,490 and 24,610.
🔴 Scenario B — Bull Trap & Reversal
Price fails to sustain above 24,265 and falls back below the Swing High. The breakout attempt becomes a false breakout — a classic bull trap. Watch for a decline back toward 23,776 and potentially 23,308.
⚪ Scenario C — Compression Between Levels
Price consolidates between 23,776 and 24,421 — compressing between the Rising Support Trendline and the resistance cluster above. A breakout in either direction from this compression would then define the next major move.
Beginner's Lesson — What is a Bull Trap?
A Bull Trap occurs when price breaks above a resistance level — creating the appearance of a breakout — but then reverses back below that level. It "traps" buyers who entered on the breakout, forcing them to sell at a loss as price falls back.
How to avoid a bull trap:
Wait for a daily close above resistance — not just an intraday breach
Look for volume confirmation — genuine breakouts typically have higher volume
Wait for follow-through — the next session should also close above the breakout level
A close above 24,421 (200 EMA) with follow-through would reduce the bull trap risk significantly.
Conclusion
NIFTY has formed an interesting structure this week — a Higher Low at 23,776, a breakout attempt above 24,265, and a trendline retest. The structure is gradually shifting, but confirmation is still pending. The 200 EMA at 24,421 is the key level that will define whether this is a genuine breakout or a bull trap.
Watch next week's price action carefully — the answer is forming.
For educational purposes only. Not financial advice. Always manage your risk. NIFTY Monthly UpdateNIFTY traded in the range of 23,070–24,260 during the month of June, closing 1.35% higher compared to May. Although geopolitical tensions have eased and crude oil prices have fallen, FII selling in equities continued in the domestic market. The EMA confluence zone of 24,000–24,400 across timeframes will be a key level to watch. On the upside, 25,100 will act as the first resistance level. On the downside, the previous swing low of 23,000 and then 22,800 will act as support levels.
Let me know your thoughts. DYOR. EURUSD — EMA Bearish Trend, Sell From Value Zone
Fundamental Analysis
EURUSD remains under bearish pressure as price continues to trade below the main EMA structure. Traders are still watching USD momentum, Fed expectations, and upcoming macro data.
For now, the technical structure still favours sellers while recovery attempts remain limited below EMA resistance.
Technical Analysis
On the 2H chart, EURUSD is trading below EMA 34, EMA 89, and EMA 200. This shows that the short-term trend remains bearish, with the EMA structure acting as dynamic resistance above price.
Price is currently around 1.1352 after a strong bearish move. The market is now consolidating below the previous breakdown area, but this reaction has not confirmed a bullish reversal.
The key sell value zone is around 1.1384 - 1.1405. This area aligns with the Fibonacci retracement zone, high liquidity area, and previous short-term structure. If price pulls back into this zone and rejects, sellers may continue to defend the downtrend.
The key support level is around 1.1325. If price breaks below this area with strong bearish momentum, the next downside target is the lower liquidity zone around 1.1229.
Important Key Levels
Current price area: 1.1352
Sell value zone: 1.1384 - 1.1405
Fibonacci + High Liquidity zone: 1.1384 - 1.1405
EMA resistance area: 1.1445 - 1.1533
Key support: 1.1325
Main downside target: 1.1229
Invalidation area: above 1.1405
Trading Scenario
Main Sell Scenario
Entry: 1.1384 - 1.1405
Stop Loss: 1.1533
Take Profit 1: 1.1325
Take Profit 2: 1.1280
Take Profit 3: 1.1229
Sell Condition
The preferred setup is to wait for EURUSD to pull back into the 1.1384 - 1.1405 sell value zone. This area combines Fibonacci retracement, high liquidity, and previous structure.
A sell setup becomes more valid if price forms bearish rejection from this zone, such as a long upper wick, bearish engulfing candle, failed breakout, or lower high below the EMA structure.
If price rejects from the sell zone and breaks below 1.1325, the bearish continuation view becomes stronger. The next downside focus would be 1.1280, followed by the main target around 1.1229.
Entry Conditions
Wait for price to retest 1.1384 - 1.1405.
Look for bearish rejection before entering sell.
A break below 1.1325 confirms stronger downside pressure.
If price breaks and holds above 1.1405, the short-term sell setup becomes weaker.
Overall, the main view remains bearish while EURUSD trades below EMA 34, EMA 89, and EMA 200. The preferred plan is to wait for a pullback into the Fibonacci and high-liquidity value zone, then look for sell confirmation toward 1.1325 and 1.1229.
Do you share the same bearish view on EURUSD, or are you waiting for a cleaner rejection from the value zone first?
