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EURUSD 4-Hour Chart Analysis: Spotting the Downtrend with Lower Highs & Lower Lows
📊Full Explanation In forex trading, recognizing market structure is everything. This chart provides a textbook example of a bearish trend on the EURUSD pair, using a 4-hour timeframe — a popular choice for swing traders 🕒. 1. Lower Highs 🔻 The chart marks three clear lower highs— each peak is lower than the one before. This tells us that buyers 📈 are losing momentum, and each attempt to push prices higher is weaker than the last. It’s a sign that the sellers 🧨 are in control. 2.Lower Lows 📉 The lower lows show that after every push down, price drops to a new level of support lower than the previous one. This pattern confirms the trend: the market is falling steadily, and the structure remains intact. 3. Trendline Resistance ↘️ A downward sloping trendline connecting the lower highs acts as a resistance zone. Every time price reaches this line, it gets rejected. This is often used by traders to identify safe entry points for selling. 4.Support Line for Lower Lows 🔻 The lower...
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