🧠MJTrading:
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📝 Idea:
EURUSD | Major Trend Reversal in Play?
Bias: Bearish (Sell Setup)
📊 Structure Breakdown
- After the 2022–25 High at 1.18300, price has started forming Lower Highs and a Lower Low, hinting at a potential Major Trend Reversal (MTR).
- The Pressure Gap and Pullback rejection around the descending trendline strengthen the bearish outlook.
- Current Price Action suggests sellers are gradually taking control inside the Rising Wedge inside the Descending Channel:
ZOOM IN:
A 2nd leg is also possible.
📌 Trade Setup
Sell Entry: Around current price (~1.16800–1.17000).
Stop Loss: Above 1.18020 (invalidates the setup).
Targets:
TP1 → 1.15520 (mid-channel support).
TP2 → 1.14300 (major support zone - Channel Bottom line).
TP3 → 1.11800 (extension, strong liquidity pool).
Risk–Reward: Attractive multi-level downside with clear invalidation.
For confirmation wait for valid breakdown from the Rising Wedge...
“If the structure speaks to you, let it echo.”
#EURUSD #Forex #FX #Trading #TechnicalAnalysis #PriceAction #SmartMoney #MTR #MAJORTRENDREVERSAL #MarketStructure #TrendReversal #SwingTrading #DayTrading #ChartDesigner #MJTrading
Psychology Always Matters:
📸 Viewing Tip:
🛠️ Some layout elements may shift depending on your screen size.
🔗 View the fixed high-resolution chart here:
==================================================
📝 Idea:
EURUSD | Major Trend Reversal in Play?Bias: Bearish (Sell Setup)
📊 Structure Breakdown
- After the 2022–25 High at 1.18300, price has started forming Lower Highs and a Lower Low, hinting at a potential Major Trend Reversal (MTR).
- The Pressure Gap and Pullback rejection around the descending trendline strengthen the bearish outlook.
- Current Price Action suggests sellers are gradually taking control inside the Rising Wedge inside the Descending Channel:
ZOOM IN:
A 2nd leg is also possible.
📌 Trade Setup
Sell Entry: Around current price (~1.16800–1.17000).
Stop Loss: Above 1.18020 (invalidates the setup).
Targets:
TP1 → 1.15520 (mid-channel support).
TP2 → 1.14300 (major support zone - Channel Bottom line).
TP3 → 1.11800 (extension, strong liquidity pool).
Risk–Reward: Attractive multi-level downside with clear invalidation.
For confirmation wait for valid breakdown from the Rising Wedge...
“If the structure speaks to you, let it echo.”
#EURUSD #Forex #FX #Trading #TechnicalAnalysis #PriceAction #SmartMoney #MTR #MAJORTRENDREVERSAL #MarketStructure #TrendReversal #SwingTrading #DayTrading #ChartDesigner #MJTrading
Psychology Always Matters:
Trade active
Note
A good sell setup aligining with this MTR:
🌟MJTrading | Private account manager and forex trader;
🌱 Join me to grow together👇:
▶️🔴 Youtube: youtube.com/@MJTradingYT
✈️🔵 Telegram: t.me/MJTradingTG
🌱 Join me to grow together👇:
▶️🔴 Youtube: youtube.com/@MJTradingYT
✈️🔵 Telegram: t.me/MJTradingTG
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.
🌟MJTrading | Private account manager and forex trader;
🌱 Join me to grow together👇:
▶️🔴 Youtube: youtube.com/@MJTradingYT
✈️🔵 Telegram: t.me/MJTradingTG
🌱 Join me to grow together👇:
▶️🔴 Youtube: youtube.com/@MJTradingYT
✈️🔵 Telegram: t.me/MJTradingTG
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.