Time': 30 min
Technical analysis:
Ascending Wedge Pattern 📈: A clear ascending wedge signals a potential bearish reversal. The price has just completed Wave ⑤ at the top trendline, a classic trigger point for sellers.
* Elliott Wave Confirmation 🖐️: The wedge contains a perfect 5-wave Elliott structure, reinforcing our bearish bias as the final impulse wave concludes.
* Live vs. Textbook 👨🏫: Our live chart is mirroring the ideal "textbook" example shown, increasing confidence in the setup's validity.
The Trade Plan 🎯
* Entry ▶️: Short position initiated in the "Risk Zone" after rejection from the wedge resistance.
* Stop Loss ⛔️: Placed tightly above the Wave ⑤ high at ~1.14821.
* Take Profit 💰: Targeting the major support level at ~1.12925.
Conclusion ✨
This setup presents an exceptional risk-to-reward ratio. The combination of a reliable chart pattern and Elliott Wave count gives us a high-conviction bearish outlook for EUR/USD.
Disclaimer ⚠️: This is a technical idea, not financial advice. Always use proper risk management. Trade safe!
Technical analysis:
Ascending Wedge Pattern 📈: A clear ascending wedge signals a potential bearish reversal. The price has just completed Wave ⑤ at the top trendline, a classic trigger point for sellers.
* Elliott Wave Confirmation 🖐️: The wedge contains a perfect 5-wave Elliott structure, reinforcing our bearish bias as the final impulse wave concludes.
* Live vs. Textbook 👨🏫: Our live chart is mirroring the ideal "textbook" example shown, increasing confidence in the setup's validity.
The Trade Plan 🎯
* Entry ▶️: Short position initiated in the "Risk Zone" after rejection from the wedge resistance.
* Stop Loss ⛔️: Placed tightly above the Wave ⑤ high at ~1.14821.
* Take Profit 💰: Targeting the major support level at ~1.12925.
Conclusion ✨
This setup presents an exceptional risk-to-reward ratio. The combination of a reliable chart pattern and Elliott Wave count gives us a high-conviction bearish outlook for EUR/USD.
Disclaimer ⚠️: This is a technical idea, not financial advice. Always use proper risk management. Trade safe!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.