EURUSD Bearish Trend and Bearish Bat Pattern Completion
Instrument: EUR/USD
Timeframe: 1-Hourly Chart
Current Direction: Bearish
Analysis:
EUR/USD is currently exhibiting a bearish trend. While the impulse to short immediately is strong, my preferred entry level is at 169.54. This price point aligns with the completion of a bearish bat pattern on the 1-hourly chart.
Key Points:
- Bearish Trend: The overall trend for EUR/USD is downwards.
- Bearish Bat Pattern: Completion level at 169.54, which offers a high-probability short setup.
- Entry Level: 169.54
- Chart Pattern: Bearish Bat Pattern
- Timeframe: 1-Hourly Chart
Strategy:
- Wait for Price to Reach 169.54: Monitor the price action and wait for it to approach the 169.54 level.
- Confirmation: Look for bearish confirmation signals around this level to enter a short position.
Stay tuned for updates and trade wisely!
Instrument: EUR/USD
Timeframe: 1-Hourly Chart
Current Direction: Bearish
Analysis:
EUR/USD is currently exhibiting a bearish trend. While the impulse to short immediately is strong, my preferred entry level is at 169.54. This price point aligns with the completion of a bearish bat pattern on the 1-hourly chart.
Key Points:
- Bearish Trend: The overall trend for EUR/USD is downwards.
- Bearish Bat Pattern: Completion level at 169.54, which offers a high-probability short setup.
- Entry Level: 169.54
- Chart Pattern: Bearish Bat Pattern
- Timeframe: 1-Hourly Chart
Strategy:
- Wait for Price to Reach 169.54: Monitor the price action and wait for it to approach the 169.54 level.
- Confirmation: Look for bearish confirmation signals around this level to enter a short position.
Stay tuned for updates and trade wisely!
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.