FX.co ★ Yasmine93ml | GBP/USD

Yo, let’s dive deep into the EUR/USD weekly chart you dropped and break down the technical analysis (TA) with indicators and money‑management (MM) strategies, all in a 1,500‑word post that’s straight‑up trader‑talk. ???? Chart Overview & Price Action The weekly EUR/USD chart shows a clear bearish turn after a high around 1.1920, with the pair sliding into a consolidation‑breakdown zone near 1.17402 (the latest candle). The candles are mixed green‑red, indicating indecision, but the overall bias is down after the sharp drop from the August‑September peak. We’re looking at a potential continuation of the downtrend if the 1.1700 support cracks. Key Technical Indicators & Their Readings 1. *Candlestick Patterns*: The recent candles form a series of lower highs and lower lows, signaling bearish momentum. Notice the long red candles with big wicks – they show strong selling pressure and rejection of higher prices. 2. *Moving Averages (MA)*: The chart displays two green MA lines (likely 20‑week & 50‑week). Price is trading below both MAs, confirming a bearish trend. A cross‑over of the shorter MA below the longer one would reinforce the sell‑side bias. 3. *Volume*: Volume bars at the bottom spike during the down‑moves, validating the selling pressure. Green volume on up‑candles is weaker, suggesting the buyers lack strength. 4. *Momentum Indicators (RSI/Stochastic – not shown but implied)*: If an RSI were plotted, we’d expect it to be