Hello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. The pair previously traded above an ascending demand line, forming higher lows. After reaching a pivot point near the descending supply line, price reversed and entered a corrective phase.
Currently, price is trading below the 1.1730 supply zone, which acts as resistance, while holding above the 1.1650 demand zone supported by the ascending trendline. A recent fake breakout near resistance highlights strong selling pressure and rejection from the supply line.
As long as EURUSD remains below the 1.1730 resistance and respects the descending supply line, the bearish bias remains valid. A rejection from this area could push price toward the 1.1650 support (TP1). Manage your risk!
Currently, price is trading below the 1.1730 supply zone, which acts as resistance, while holding above the 1.1650 demand zone supported by the ascending trendline. A recent fake breakout near resistance highlights strong selling pressure and rejection from the supply line.
As long as EURUSD remains below the 1.1730 resistance and respects the descending supply line, the bearish bias remains valid. A rejection from this area could push price toward the 1.1650 support (TP1). Manage your risk!
Trade chiuso: obiettivo raggiunto
The formed structure of the triangle was punched down. I usually practice this pattern. Therefore, our analysis turned out to be quite successful and we achieved a result!
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.