EUR/USD Bearish Pullback to Order Block Within Descending Channe
EUR/USD – 2H Chart Analysis
Instrument: EUR/USD
Timeframe: 2 Hour
Source: TradingView (OANDA feed)
🔎 Market Structure
Price is moving inside a clear descending channel (lower highs + lower lows).
Overall trend = Bearish.
Recent move shows a pullback upward after touching the lower boundary of the channel.
This pullback appears corrective, not a trend reversal.
🟥 Key Supply Zone – Bearish Order Block (OB)
Marked resistance around 1.1830 – 1.1855
This aligns with:
Previous structure support (now resistance)
Upper part of the channel
Bearish Order Block (institutional supply area)
👉 This is a high-probability rejection zone.
🎯 Target Projection
Target shown near 1.1727
This aligns with:
Lower channel boundary
Previous swing low liquidity
If price rejects from the OB, continuation toward 1.1730 area is likely.
📈 Current Price Behavior (1.1780 area)
Price is:
Making a short-term bullish correction
But still below major resistance
Still respecting overall bearish structure
Unless price breaks and closes above 1.1860, trend remains bearish.
🧠 Trade Idea (Based on Chart Bias)
Bearish Scenario (Higher Probability):
Sell near 1.1830–1.1855
Target: 1.1730
Invalidation: Strong close above 1.1860
Bullish Scenario (Lower Probability):
Break & close above channel + OB
Then next target: 1.1900+
🔥 Conclusion
This is a classic pullback-to-supply in a downtrend setup.
Bias remains bearish until structure breaks.
If you want, I can also:
Mark liquidity zones explanation
Break down smart money concept behind this
Or give lower timeframe confirmation strategy 🚀
Instrument: EUR/USD
Timeframe: 2 Hour
Source: TradingView (OANDA feed)
🔎 Market Structure
Price is moving inside a clear descending channel (lower highs + lower lows).
Overall trend = Bearish.
Recent move shows a pullback upward after touching the lower boundary of the channel.
This pullback appears corrective, not a trend reversal.
🟥 Key Supply Zone – Bearish Order Block (OB)
Marked resistance around 1.1830 – 1.1855
This aligns with:
Previous structure support (now resistance)
Upper part of the channel
Bearish Order Block (institutional supply area)
👉 This is a high-probability rejection zone.
🎯 Target Projection
Target shown near 1.1727
This aligns with:
Lower channel boundary
Previous swing low liquidity
If price rejects from the OB, continuation toward 1.1730 area is likely.
📈 Current Price Behavior (1.1780 area)
Price is:
Making a short-term bullish correction
But still below major resistance
Still respecting overall bearish structure
Unless price breaks and closes above 1.1860, trend remains bearish.
🧠 Trade Idea (Based on Chart Bias)
Bearish Scenario (Higher Probability):
Sell near 1.1830–1.1855
Target: 1.1730
Invalidation: Strong close above 1.1860
Bullish Scenario (Lower Probability):
Break & close above channel + OB
Then next target: 1.1900+
🔥 Conclusion
This is a classic pullback-to-supply in a downtrend setup.
Bias remains bearish until structure breaks.
If you want, I can also:
Mark liquidity zones explanation
Break down smart money concept behind this
Or give lower timeframe confirmation strategy 🚀
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join my refferal link
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t.me/+IsrOUJh2ZO80NWY0
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t.me/+IsrOUJh2ZO80NWY0
join my refferal link
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.