(EUR/USD 2H chart pattern), here’s a breakdown of the target levels visible:
📉 Bearish Setup
The chart shows a potential breakdown from an ascending channel, supported by:
Ichimoku cloud showing price action moving through and below the cloud.
Sharp red zigzag pattern indicating a forecasted price drop.
Two marked target zones, highlighted with red horizontal lines and a large downward blue arrow.
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🎯 Target Levels:
1. First Target: Around 1.12500
This is the first red horizontal line after the price breaks below the ascending channel.
Likely a support or measured move target.
2. Second Target (Lower): Around 1.11516
This is the lower red line and currently shown on the live price marker on the chart.
Could be the ultimate bearish target based on the measured height of the channel or prior support.
---
These targets imply a bearish bias for EUR/USD if the price breaks and closes below the lower trendline of the ascending channel.
Let me know if you want the stop-loss level, confirmation rules, or how to calculate similar patterns yourself.
📉 Bearish Setup
The chart shows a potential breakdown from an ascending channel, supported by:
Ichimoku cloud showing price action moving through and below the cloud.
Sharp red zigzag pattern indicating a forecasted price drop.
Two marked target zones, highlighted with red horizontal lines and a large downward blue arrow.
---
🎯 Target Levels:
1. First Target: Around 1.12500
This is the first red horizontal line after the price breaks below the ascending channel.
Likely a support or measured move target.
2. Second Target (Lower): Around 1.11516
This is the lower red line and currently shown on the live price marker on the chart.
Could be the ultimate bearish target based on the measured height of the channel or prior support.
---
These targets imply a bearish bias for EUR/USD if the price breaks and closes below the lower trendline of the ascending channel.
Let me know if you want the stop-loss level, confirmation rules, or how to calculate similar patterns yourself.
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t.me/Gold_Analysis_Experiment
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
t.me/Gold_Analysis_Experiment
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.