🚀 EUR/USD Bearish Setup: Sell Near 1.10020 🎯 | Target 1.09264 💰

🚀 EUR/USD Bearish Setup: Sell Near 1.10020 🎯 | Target 1.09264 💰 | Stop Loss 1.10496

Sell Entry: 1.10020 📉
Take Profit (TP): 1.09264 🎯 (Daily support level)
Stop Loss (SL): 1.10496 🛑 (Above recent high)

The EUR/USD pair is showing a clear bearish trend across multiple timeframes. Starting with the weekly chart, the price has moved down from a strong resistance, signaling potential continuation to the downside. Both daily and 4-hour charts confirm bearish signals, while the market hovers near a significant psychological level. In this article, we’ll break down a detailed trading plan for entering a sell position with precision and maximizing profits. 🤑

Weekly Timeframe: A Clear Downward Path 🕰️

On the weekly chart 📅, the price has dropped from a key resistance level, establishing a clear bearish sentiment for the pair. This longer-term timeframe suggests that sellers have taken control of the market, with a likely continuation toward lower levels.

📉 Key Insights:

Bearish trend firmly in place.
Major support and resistance areas respected.
Bears are pushing the price downward steadily.

Daily Timeframe: At Support, But Still Bearish ⚖️

While the weekly chart remains bearish, the daily chart 🗓️ reveals that the price is currently at a support zone. Although this might suggest some short-term buying, the bigger picture remains in favor of sellers.

Waiting for the Reversal Near 1.10000 📊

The price is nearing the psychological level of 1.10000 — a critical area that traders are eyeing closely. Psychological levels like this tend to attract heavy trading volumes, increasing the likelihood of significant price reactions.

📍 What we are watching for:

A temporary bounce upwards toward 1.10000.
Lower highs and lower lows forming on the 4-hour chart.

4-Hour Timeframe: Confirmation of the Bearish Trend 🕒

On the 4-hour chart ⏳, the price needs to confirm a lower high followed by a lower low to validate our selling bias. This pattern will help ensure the bearish momentum is strong enough to push through the support level.

🔍 Critical Points to Observe:

Formation of lower highs 🔻 and lower lows 📉.
Bearish structure in the 4-hour timeframe.
Rejection at the 1.10000 level.

1-Hour/2-Hour Timeframes: Looking for Bearish Engulfing Candles 🕑🕘

To fine-tune our entry, we’ll be focusing on the 1-hour or 2-hour charts ⌛. A bearish engulfing candle pattern 🔥 will be the signal we’re waiting for before taking a sell entry. This pattern indicates a strong rejection of higher prices and confirms sellers are stepping in aggressively.

Ideal Entry Point 📍:

Sell entry near 1.10020 once the bearish engulfing candle appears and confirms the downtrend.
Stop Loss: Set a stop loss slightly above the recent high at 1.10496, providing ample protection against unexpected volatility.
Take Profit: Aim for the daily support level at 1.09264, which offers a favorable risk-to-reward ratio.

Trading Plan Summary 📝:

Weekly Chart: Bearish momentum, price moving down from resistance.
Daily Chart: Bearish but near support, looking for a bounce to the 1.10000 psychological level.
4-Hour Chart: Wait for lower highs and lower lows to form, confirming the bearish structure.
1-Hour/2-Hour Chart: Look for a bearish engulfing candle at the key level for a precise sell entry.
Sell Entry: Near 1.10020.
Take Profit: 1.09264 (Daily support).
Stop Loss: 1.10496.

Conclusion: Stay Patient for the Right Setup 🧘‍♂️

This trading strategy for EUR/USD requires patience and discipline. While the overall trend is bearish, the entry point around 1.10020 will be crucial to maximizing potential profits. Ensure you wait for confirmation through the 4-hour chart structure and the 1-hour or 2-hour bearish engulfing candle.

🎯 Key Reminder: Always follow risk management principles by sticking to your stop loss and take profit levels!

Good luck with your trade! 💼