EUR/USD H1 – Bearish Continuation Setup After Channel Breakdown Euro / U.S. DollarFOREXCOM:EURUSDjoshuaokonkwor📝 Description The price action on EUR/USD has broken below a well-defined ascending channel, indicating a shift from bullish structure into a potential bearish phase. This structural breakdown suggests that the prior upward momentum is weakening, opening the door for further downside expansion. Following the breakout, price is expected to decline toward the key horizontal support level around 1.1485 (green dashed line). At this point, a temporary corrective bounce may occur, pushing price back toward the underside of the broken ascending channel. However, this rebound is not expected to hold, as the overall structure now favors bearish continuation. The key focus of this setup is the behavior around the 1.1485 level. Once price recoils and returns with momentum to break decisively below this level, it confirms bearish strength and signals continuation. This transforms the level from support into a trigger point for downside expansion. The white arrow projection highlights this sequence: initial drop → corrective rebound → strong bearish move breaking the key level, creating a high-probability continuation setup. 🎯 Trade Setup 🔴 Position: Sell (Short – Breakout Continuation) Entry Zone: 👉 On confirmed breakout below 1.1485 (green dashed line) Stop Loss: 👉 1.1524 (placed at the lower ascending channel / rebound structure) Take Profit: TP1: 1.1420 TP2: 1.1330 ⚠️ Risk Management Risk per trade: 1% – 2% of account Risk-to-Reward Ratio: Strong continuation profile (momentum-based) Enter only on a decisive candle close below 1.1485 (avoid false breakouts) Watch for increased bearish momentum (strong-bodied candles) 🧠 Key Concepts Break of ascending channel (structure shift) Corrective rebound into resistance Momentum breakout below key level Bearish continuation into lower liquidity zones.