Bearish Continuation Setup – Channel Break & RetestEuro / U.S. DollarFOREXCOM:EURUSDjoshuaokonkwor In my previous analysis, I outlined a scenario where a break below the green dashed line before any corrective bounce would signal a bearish market structure. This update builds on that idea with a slight variation: Price has now broken below the lower boundary of the ascending channel, found temporary support at the blue dashed line (1.15030), and made a corrective bounce back to retest the channel. Following this retest, price has started to reject and move downward again. Key Insight: A confirmed break below the blue dashed line (1.15030) strengthens the bearish bias and suggests continued downside momentum. Bearish Confirmation: On the D1 timeframe, the formation of the Three Black Crows pattern indicates that sellers have gained control from buyers, reinforcing the bearish outlook. Trade Setup: - Entry: 1.15030 - Stop Loss: 1.15510 - Take Profit 1: 1.1472 - Take Profit 2: 1.1440 - Take Profit 3: 1.1391 This setup aligns with both price action and candlestick confirmation, providing a structured approach to capturing potential downside movement. Trade safe and manage risk accordingly.