Based on My target EUR/USD 1H, the price has broken down from the ascending channel and formed a Double Top, confirming a bearish structure. Here's the analysis based on the marked zones:
Bearish Targets:
1. First Support / Target 1: Around 1.13500
This aligns with a previous structure level and is the first potential bounce zone.
2. Second Support / Target 2: Around 1.12000
This is a deeper support zone where price may head if the bearish momentum continues.
The structure also shows a clear CHoCH (Change of Character) which supports the downside bias.
Let me know if you want entry and stop-loss suggestions for this setup.
Bearish Targets:
1. First Support / Target 1: Around 1.13500
This aligns with a previous structure level and is the first potential bounce zone.
2. Second Support / Target 2: Around 1.12000
This is a deeper support zone where price may head if the bearish momentum continues.
The structure also shows a clear CHoCH (Change of Character) which supports the downside bias.
Let me know if you want entry and stop-loss suggestions for this setup.
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📲 Join telegram channel free ..
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
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t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Gold_Analysis_Experiment
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