SMC trading point update
Technical analysis of EUR/USD on the 1-hour timeframe, likely projecting a short-term downward move. Here’s a breakdown of the technical analysis and the trade idea:
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Key Elements in the Chart:
1. Bearish Rejection from Resistance:
Price was rejected twice near the 1.14400 resistance zone (highlighted in yellow).
The red arrows mark double rejection at this level, suggesting strong selling pressure.
2. Break of Rising Channel:
Price was previously moving inside a rising channel.
Recent price action shows a clear breakdown below the lower trendline, indicating trend reversal.
3. 200 EMA (Exponential Moving Average):
EMA is around 1.13188 and price is below it, reinforcing bearish momentum.
EMA also acted as dynamic resistance after the channel breakdown.
4. Target Zone – Support Area:
The yellow support zone around 1.10911 is the target point.
This was a previous area of price consolidation and demand.
5. RSI (Relative Strength Index):
RSI is near 51, hovering around the neutral zone.
Not strongly bearish yet, but room remains to drop toward oversold if the downtrend continues.
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Trade Idea Summary:
Bias: Bearish
Scenario:
Price has broken a key structure and is retesting the breakdown.
Expect continuation toward the 1.10900 support zone.
Entry Zone:
Near current price (~1.13400–1.13500), ideally on a retest of the EMA or broken trendline.
Target:
1.10911 (highlighted support level).
Stop-Loss (Invalidation):
A break and close back above the resistance zone (~1.14000–1.14200).
Mr SMC Trading point
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Conclusion:
This is a high-probability bearish setup following a structure break, retest, and double top rejection. It targets a move back down toward a previously strong support level, with a favorable risk-to-reward ratio.
Pales support boost 🚀 analysis follow)
Technical analysis of EUR/USD on the 1-hour timeframe, likely projecting a short-term downward move. Here’s a breakdown of the technical analysis and the trade idea:
---
Key Elements in the Chart:
1. Bearish Rejection from Resistance:
Price was rejected twice near the 1.14400 resistance zone (highlighted in yellow).
The red arrows mark double rejection at this level, suggesting strong selling pressure.
2. Break of Rising Channel:
Price was previously moving inside a rising channel.
Recent price action shows a clear breakdown below the lower trendline, indicating trend reversal.
3. 200 EMA (Exponential Moving Average):
EMA is around 1.13188 and price is below it, reinforcing bearish momentum.
EMA also acted as dynamic resistance after the channel breakdown.
4. Target Zone – Support Area:
The yellow support zone around 1.10911 is the target point.
This was a previous area of price consolidation and demand.
5. RSI (Relative Strength Index):
RSI is near 51, hovering around the neutral zone.
Not strongly bearish yet, but room remains to drop toward oversold if the downtrend continues.
---
Trade Idea Summary:
Bias: Bearish
Scenario:
Price has broken a key structure and is retesting the breakdown.
Expect continuation toward the 1.10900 support zone.
Entry Zone:
Near current price (~1.13400–1.13500), ideally on a retest of the EMA or broken trendline.
Target:
1.10911 (highlighted support level).
Stop-Loss (Invalidation):
A break and close back above the resistance zone (~1.14000–1.14200).
Mr SMC Trading point
---
Conclusion:
This is a high-probability bearish setup following a structure break, retest, and double top rejection. It targets a move back down toward a previously strong support level, with a favorable risk-to-reward ratio.
Pales support boost 🚀 analysis follow)
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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
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.