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!
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.