Eurusd analysis next trade setup
EUR/USD H1 Timeframe Analysis – Potential Sell Setup
Hey Traders!
Let’s analyze EUR/USD on the H1 timeframe to identify a potential sell opportunity.
Key Observations on EUR/USD (H1 Chart)
✅ Market Downtrend: The price has recently dropped, creating a supply zone.
✅ Fibonacci 161.8 Level: This key Fibonacci extension aligns with the supply zone, strengthening its resistance.
✅ Potential Bearish Continuation: If the market changes its structure on H1, there’s a high probability of further downside movement.
Trading Strategy – When to Enter a Sell Trade?
🔸 Wait for Structure Change: A confirmed H1 structure shift is needed before considering a sell.
🔸 Rejection from Supply Zone: If the price rejects from the supply zone and shows bearish momentum, it could confirm a sell entry.
🔸 No Structure Change, No Sell: If the market does not break its H1 structure, we will not enter a sell position.
Conclusion
📌 EUR/USD is at a key supply zone, aligning with the Fibonacci 161.8 level. However, a confirmed structure change on H1 is required before selling.
📉 Patience is key—wait for confirmation before entering the trade!
Would you like an updated analysis after the market moves? Let me know!
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