technical analysis of EUR/USD
This chart shows a detailed technical analysis of EUR/USD. Key patterns identified are:
1. Bearish Pennant (red): A continuation pattern formed during a downtrend, which led to a significant bearish breakout.
2. Rising Wedge (green): A bearish reversal pattern observed after a minor bullish retracement, indicating potential for a price decline.
3. Trade Setup:
Entry Point: Positioned after confirmation of the rising wedge breakdown.
Stop Loss: Placed above the recent high for risk management.
Target: Aligned with the height of the wedge and expected bearish momentum.
This analysis suggests a bearish outlook for EUR/USD, with precise levels for entry, stop loss, and target clearly marked.
1. Bearish Pennant (red): A continuation pattern formed during a downtrend, which led to a significant bearish breakout.
2. Rising Wedge (green): A bearish reversal pattern observed after a minor bullish retracement, indicating potential for a price decline.
3. Trade Setup:
Entry Point: Positioned after confirmation of the rising wedge breakdown.
Stop Loss: Placed above the recent high for risk management.
Target: Aligned with the height of the wedge and expected bearish momentum.
This analysis suggests a bearish outlook for EUR/USD, with precise levels for entry, stop loss, and target clearly marked.
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✅ Provide Gold And All Pair Signals
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✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
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