EURUSD: Downside Reversal - Failure Trade SetupEuro vs US DollarPEPPERSTONE:EURUSDCharts247TradingAcademy📊 Setup Breakdown: Phase 1: Trend-Changing Pattern (TCP) Complete The EURUSD completed a trend-changing pattern, signalling potential shift in market structure. Phase 2: Strong Extended Bullish Rally Following the TCP, price delivered a powerful extended rally—pushing higher with strong momentum. Phase 3: Break & No Follow-Through (The Failure) Price broke to a new high but failed to follow through. This is the critical signal—buyers pushed but couldn't sustain the move. 🎯 The Trade Setup: Entry: 1.1753 Stop Loss (Invalidation): 1.1763 Risk: 10 pips Target: 1.1682 (TCP Low) Potential: 71 pips Risk: Reward: 7:1 📚 The Wyckoff Principle: Richard Wyckoff called this pattern "Shortening of the Thrust"—when price makes a new high with diminishing momentum and fails to follow through, it signals exhaustion and potential reversal. This is a classic failure trade pattern: Price breaks a key level Buyers fail to show conviction No follow-through = weakness Short opportunity confirms Key Trading Principle: When the market shows its hand through failure patterns, we react mechanically. Extended rallies followed by failed breakouts often lead to sharp reversals. This is textbook price behaviour. This is the WavesOfSuccess methodology. 👍 Hit the boost button if this analysis helps 👤 Follow for more failure trade setups