SMC trading point update
Technical analysis of EUR/USD pair on the 2-hour timeframe. Here's a breakdown of the idea behind the analysis:
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Trading Idea Summary: EUR/USD Bearish Reversal Setup
1. Rejection at Resistance Zone
Resistance Level (~1.1600): Price has tested this level twice (red arrows) and faced strong rejection, suggesting it’s a firm supply zone.
This double top near resistance signals potential downside pressure.
2. Bearish Market Structure
Price action shows a break in short-term bullish momentum.
Bearish trend arrows and structure indicate expected continuation to the downside.
3. EMA Resistance
The 200 EMA (blue line) at 1.14356 is above the key support zone, acting as dynamic resistance, reinforcing the bearish outlook.
4. Target Levels
First Target: 1.13694 (Key Support Level)
Previous structure zone with strong historical price reaction.
Final Target: 1.12025 (Major Support Zone)
Larger demand area where buyers previously stepped in.
Mr SMC Trading point
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Conclusion
This analysis suggests a potential short setup with confirmations from:
Repeated resistance rejection
Bearish price structure and trend arrows
EMA as added confluence
Clear downside targets: 1.13694, then 1.12025
> Bearish bias remains valid unless price reclaims and closes above the resistance zone (~1.1600).
pelas support boost 🚀 this analysis)
Technical analysis of EUR/USD pair on the 2-hour timeframe. Here's a breakdown of the idea behind the analysis:
---
Trading Idea Summary: EUR/USD Bearish Reversal Setup
1. Rejection at Resistance Zone
Resistance Level (~1.1600): Price has tested this level twice (red arrows) and faced strong rejection, suggesting it’s a firm supply zone.
This double top near resistance signals potential downside pressure.
2. Bearish Market Structure
Price action shows a break in short-term bullish momentum.
Bearish trend arrows and structure indicate expected continuation to the downside.
3. EMA Resistance
The 200 EMA (blue line) at 1.14356 is above the key support zone, acting as dynamic resistance, reinforcing the bearish outlook.
4. Target Levels
First Target: 1.13694 (Key Support Level)
Previous structure zone with strong historical price reaction.
Final Target: 1.12025 (Major Support Zone)
Larger demand area where buyers previously stepped in.
Mr SMC Trading point
---
Conclusion
This analysis suggests a potential short setup with confirmations from:
Repeated resistance rejection
Bearish price structure and trend arrows
EMA as added confluence
Clear downside targets: 1.13694, then 1.12025
> Bearish bias remains valid unless price reclaims and closes above the resistance zone (~1.1600).
pelas support boost 🚀 this analysis)
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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.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
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.