EUR/USD – Short Setup After Retracement to Resistance ZoneEUR/USDOANDA:EURUSDLABA_GOLD_TRADINGChart Context Pair: EUR/USD Timeframe: 4H Current Price: 1.1713 Trend Channel: Ascending parallel channel (light pink/blue zone). Structure: Price is consolidating mid-channel after a previous bullish leg. Setup Summary Entry Zone: Around 1.1860 – 1.1866 Stop Loss: Around 1.1955 – 1.1957 Target Zone: Around 1.1368 – 1.1377 Risk-Reward Ratio: Roughly 1 : 4.5 Technical Breakdown Price Action: The pair is currently consolidating near the midpoint of an ascending channel. The chart suggests an expected bullish retracement to the upper channel boundary (1.1860–1.1950) before reversing lower. Pattern: The setup forms a bearish correctional structure — a potential rising wedge / channel top. The projection shows a short (sell) setup after the retracement to the resistance area. Key Zones: Resistance / Sell Zone: 1.1860 – 1.1950 (Coincides with previous swing highs + upper channel boundary) Support / Take Profit Zone: 1.1368 – 1.1377 (Matches previous structural low support) Momentum View: The sideways action indicates weak bullish momentum, possibly preparing for a downside breakout. If price rejects near 1.1860 with bearish confirmation (e.g., engulfing candle or divergence), a drop toward 1.14 and 1.1360 becomes likely. Trading Outlook 📉 Bias: Bearish setup (short after retracement) 🎯 Target: 1.1368 ⛔ Stop Loss: 1.1955 ⚖️ Risk/Reward: Strong, ~1:4.5 🕒 Confirmation Needed: Wait for rejection signals near 1.1860–1.1950 zone before entry.