FULL TECHNICAL ANALYSIS: EURUSD (M5)
1. Price Action Patterns Analysis
* The chart shows a **classic bearish order block* near 1.16700, price rejected hard from there.
* Bearish Flag / Channel: During the drop, a bearish flag formed, and then broke down.
* Multiple strong bearish impulsive moves with small retracements indicate institutional sell-off.
* Bullish reaction candle just appeared at the bottom (1.16180 zone), showing short-term buying interest.
2. Range-Bound Analysis
* Short-term range forming between 1.16150 – 1.16550. Price just bounced off the lower end.
* Mid-range equilibrium is around 1.16350, watch this as potential magnet level before next move.
3. Technical Analysis
PA alone:
* Bearish market structure intact (Lower Highs + Lower Lows).
* Previous support turned resistance visible near 1.16460 – 1.16500.
4. Trend Analysis
* Overall trend: **BEARISH AF Clear dominance by sellers since price rejected from 1.17000+.
* Lower timeframe showing potential **bullish pullback**, but no trend reversal confirmation yet.
6. Support and Resistance
Support zones
* 1.16150 (current bounce zone).
* 1.15890 (next potential target if break below).
Resistance zones
* 1.16460 (previous minor structure).
* 1.16670 – 1.16700 (major supply/OB zone).
7. Wave Analysis
* Impulsive wave down completed.
* Currently in a corrective wave (ABCDE) going up.
* Wave C might end around 1.16450 – 1.16500 before new leg down.
if price retraces to 1.1650 – 1.1660 area = high confluence of fibs + order blocks = sniper zone for shorts.
8. Market Volatility Analysis
High volatility zone below 1.16200. If it breaks — expect price to nuke hard to 1.15900.
Above 1.16500 = minor volatility wall — price likely to stall near OB.
HYPOTHETICAL TRADE IDEA (DAYTRADE SETUP)
🔻 ORDER TYPE:
Sell Limit @ 1.16500
🎯 TP:
1.15920
🛑 SL:
1.16700
CONFIDENCE LEVEL:84%
JUSTIFICATION:
* Selling into major bearish OB and previous support turned resistance
* Entry sits on top of a confluence zone (trendline + Fibs + Harmonics + PA).
* Tight stop above OB + structure.
* Risk\:Reward ≈ 1:2.9 — clean asymmetric setup
REMEMBER:This is a hypothetical analysis for educational purposes, not financial advice.
يجمع
