Right now on EURUSD H1, the market has already broken its previous uptrend and shifted slightly bearish. The move going up at the moment isn’t a real trend, it’s just a pullback.
Price reacted from the 1.1657 support and moved higher, but now it’s slowing down around 1.1725 to 1.1750. The candles here look weak and show rejection, which means buyers are not strong. This area is important because on the D1 chart it sits inside a strong resistance zone between 1.1750 and 1.1800.
So the idea is simple, this is more of a selling area than a buying one.
The better approach is to stay patient and wait for price to reach around 1.1740 to 1.1760 and show a clear bearish signal like a rejection wick or an engulfing candle. That’s where a sell makes sense, with targets back toward 1.1700 and then 1.1657.
Buying only becomes valid if price breaks above 1.1800 strongly and holds there. Without that, buying is risky.
In short, the market is leaning bearish, this move up is just a pullback, and the smarter plan is to look for sell opportunities after confirmation.
Entry: 1.1740 – 1.1760
SL: 1.1795 / 1.1800
TP1: 1.1700
TP2: 1.1657
Price reacted from the 1.1657 support and moved higher, but now it’s slowing down around 1.1725 to 1.1750. The candles here look weak and show rejection, which means buyers are not strong. This area is important because on the D1 chart it sits inside a strong resistance zone between 1.1750 and 1.1800.
So the idea is simple, this is more of a selling area than a buying one.
The better approach is to stay patient and wait for price to reach around 1.1740 to 1.1760 and show a clear bearish signal like a rejection wick or an engulfing candle. That’s where a sell makes sense, with targets back toward 1.1700 and then 1.1657.
Buying only becomes valid if price breaks above 1.1800 strongly and holds there. Without that, buying is risky.
In short, the market is leaning bearish, this move up is just a pullback, and the smarter plan is to look for sell opportunities after confirmation.
Entry: 1.1740 – 1.1760
SL: 1.1795 / 1.1800
TP1: 1.1700
TP2: 1.1657
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน