EURUSD – From Structure to Shift

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1H Technical Outlook by MJTrading

EURUSD moved cleanly through a sequence of structural phases:
• Previous Base
• Multi-day Consolidation (potential quiet accumulation)
• Transition into a well-respected Descending Channel

Price has since shown repeated rejections from the upper boundary, including a decisive selloff from the 1.1750 zone, forming what we now label a "Pressure Gap" — a space where aggressive sellers overwhelmed price.

🧭 Key Scenarios Ahead:
🔻 Bearish Continuation:
Breakdown below 1.1700 opens room toward:
• 1.1640 (channel bottom)
• 1.1600 Liquidity Zone

Watch for impulsive sell candles + EMA rejection
🔁 Short-Term Bounce or Trap:

Holding above 1.1700 could spark a rebound toward 1.1750
This may serve as a final test before another leg lower
Only a clean break and hold above 1.1763 flips structure bullish

🔍 Bonus Confluence:
1D Chart shows broader bullish context (inset)
EMAs tightening = expect volatility burst
Well-defined structure gives clear invalidation and targets

Every trend tells a story — from base building to breakout, and now a possible breakdown. Trade the structure, not the prediction.


#EURUSD #Forex #TradingView #TechnicalAnalysis #PriceAction #DescendingChannel #LiquidityZone #SmartMoney #MJTrading

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Trade attivo

Still in the Structure...

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Nota

Sit tight... we're going down...

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Nota

Main target is almost here:

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Trade chiuso: obiettivo raggiunto

Now Let's wait for next move...