EUR/USD (H1 Chart) Trade Plan – Bull Trap SetupEuro / U.S. DollarFOREXCOM:EURUSDgongroupvn 1. Price Trap Mechanics The recent surge above the 1.17100 - 1.17200 resistance zone was a classic Bull Trap (Liquidity Sweep). It was engineered to trigger early Sellers' stop losses while trapping late Breakout Buyers at the high. The subsequent "No Seller" signal confirms Buyer exhaustion. Price is now printing a lower high structure, setting up for a sharp reversal toward the lower channel supports. 2. Trade Parameters Trigger: H1 candle close strictly below 1.16731 (Break Signal). Entry Zone: Sell at 1.16731 (or Sell Retest around 1.16750 - 1.16800 after the breakout). Stop Loss (SL): 1.17080 (Placed safely above the recent trap high). Take Profit (TP): TP 1: 1.16400 (Upper channel trendline support). TP 2: 1.16000 (Key psychological round number & dotted trendline). TP 3: 1.15700 (Main lower channel boundary). 3. Risk Management & Execution Rules Do NOT Front-Run: Current price (~1.16920) is mid-range. Wait strictly for the H1 close below 1.16731 to avoid secondary fakeouts. Excellent Risk-to-Reward ratio (1:2.5 up to 1:4). Move SL to Breakeven once TP1 is hit.