EURUSD (4H): HIGH-RISK UPTREND
Updated
TP2 @ 1.0521
TP1 @ 1.0440
BLO1 @ 1.0401 📈
BLO2 @ 1.0388 ⏳
-SL @ 1.0340 🚫
SUPPORT LEVELS
RESISTANCE LEVELS
OSCILLATORS (Momentum-Based Indicators)
MOVING AVERAGES (Trend Indicators)
KEY INDICATORS
ANTICIPATORY TREND to 1.05214
CLOSE ABOVE Resistance at 1.046–1.048
BREAKOUT to 1.05214
POSITION MANAGEMENT
TP1 @ 1.0440
BLO1 @ 1.0401 📈
BLO2 @ 1.0388 ⏳
-SL @ 1.0340 🚫
SUPPORT LEVELS
- 1.0402 and 1.0388: Immediate support levels where price may bounce upward if tested.
- 1.0366: A critical level to watch. If the price drops below this, the bullish outlook weakens significantly.
RESISTANCE LEVELS
- 1.0440: The first major resistance zone. The price must break above this level to continue upward.
- 1.05214: Your target. This is a significant resistance area, with potential for profit-taking as it aligns with long-term technical factors.
OSCILLATORS (Momentum-Based Indicators)
- RSI (49.25): Neutral.
- This indicates the market is neither overbought nor oversold
- This allows room for movement in either direction.
- Momentum (10): Bullish. This suggests upward pressure, supporting your target of 1.05214.
- MACD: Indicates a "Buy," confirming mild bullish momentum.
MOVING AVERAGES (Trend Indicators)
- Short-Term MAs (10, 20 periods): Bullish.
- These suggest the current uptrend has support for the next move.
- Medium-Term MAs (50, 100 periods): Bearish.
- These indicate resistance in the zone of 1.046–1.052.
- Long-Term MAs (200 periods): Bearish.
- Reinforces that 1.05214 is a significant resistance area.
KEY INDICATORS
- Volume Weighted Moving Average (VWMA): "Buy" at 1.04036, showing bullish volume activity.
- Ichimoku Base Line: Neutral at 1.03953, reflecting the consolidation phase.
ANTICIPATORY TREND to 1.05214
- Clear Immediate Resistance at 1.0440
- This level represents the first barrier to upward movement.
- A breakout above 1.0440, confirmed by strong bullish candlesticks or increased volume, is essential for continuation.
CLOSE ABOVE Resistance at 1.046–1.048
- This range aligns with medium-term moving averages.
- Expect the price to slow down or consolidate here before pushing higher.
BREAKOUT to 1.05214
- Once the price sustains above 1.048, the path to 1.05214 becomes more likely.
- Be prepared to take profit or adjust positions, after a breakout
POSITION MANAGEMENT
- Entry: If already in a position, hold and monitor the price’s interaction with 1.0440.
- Adding to Position: Consider adding only after a confirmed breakout above 1.0440.
- 1.0440: Partial profit-taking is advised as this level represents significant resistance.
- 1.05214: Close or scale out the majority of your position as this is your final target.
- Place a stop-loss below 1.0388 or 1.0366 to protect against downside risk.
- Watch for invalidation signs like price rejection at 1.0440 or sustained movement below 1.0366.
Trade active
SUPPORT LEVELS
—1.0420: Immediate support zone aligning with a recent consolidation and marked buy stop order.
—1.0388–1.0357: Strong support cluster with multiple buy orders. These levels provide a safety net for any pullbacks.
—1.0340: Final pivot low and stop-loss placement. A break below this invalidates the current bullish scenario.
RESISTANCE LEVELS
—1.04865–1.05000: The Mid Pivot Zone (TP2) is the next key resistance. This area may face selling pressure as it coincides with prior pivot highs and medium-term moving averages.
—1.05214: The next Take Profit (TP3) target. This aligns with the anticipatory uptrend trajectory and represents a significant resistance level to monitor.
—1.0576: A higher resistance zone near the 1.0580 sell order, suggesting a possible reversal point if the bullish trend remains intact.
—1.0630: The ultimate pivot high, this price also acts as a stop-loss for sell orders.
Note
OSCILLATORS (Momentum-Based Indicators)
—RSI (52.47): Neutral. Indicates a slightly positive bias but still balanced market conditions.
—Momentum (10): Bearish (-0.00050). Suggests mild downward pressure, indicating potential consolidation before the next move.
—MACD: Bullish (0.00061). Confirms short-term upward momentum supporting the next targets.
—Bull Bear Power: Bullish (0.00099). Reflects a slight edge to buyers.
—Stochastic %K (64.18): Neutral. No clear overbought or oversold condition.
—Ultimate Oscillator (54.57): Neutral. Confirms lack of strong directional bias.
Note
MOVING AVERAGES (Trend Indicators)
—Short-Term MAs (10, 20, 30 periods):
—Mixed signals: 10-period EMA/SMA indicate a "Sell," but 20- and 30-period MAs are bullish.
—Short-term bullish momentum is intact but may face minor pullbacks.
—Medium-Term MAs (50 periods): Bullish. Suggests continued upward movement toward 1.04865–1.05214.
—Long-Term MAs (100, 200 periods): Bearish. These levels reinforce strong resistance near 1.05214 and 1.0576.
—Volume Weighted Moving Average (VWMA): Bullish (1.04153). Confirms positive volume activity supporting upward price movement.
—Hull Moving Average (1.04317): Bearish. Suggests potential short-term resistance.
—Ichimoku Base Line: Neutral (1.04139). Indicates consolidation within a balanced market environment.
Note
CONSIDERATIONS
—Resistance at 1.04865 represents the next barrier to upward movement.
—A breakout above 1.04865, confirmed by strong bullish candlesticks or increased volume, will signal a continuation to 1.05214.
—Expect friction, consolidation or resistance near 1.05214, as it aligns with medium- and long-term moving averages.
—Monitor volume and candlestick patterns for signs of rejection or continuation.
—If the price sustains above 1.05214, the next potential resistance is 1.0576.
—Be cautious of profit-taking or a reversal at this level.
Note
POSITION MANAGEMENT
—Hold Existing Positions: The uptrend is intact, so maintain positions while monitoring price action around 1.04865 and 1.05214.
—Scaling In: Consider adding to positions on confirmed breakouts above 1.04865, provided momentum indicators remain bullish.
—1.04865: Partial profit-taking is advised at this resistance zone to lock in gains.
—1.05214: Close or scale out the majority of your position, as this is the next take profit target.
—Stop-Loss Placement: Tighten stops to 1.0420 to protect gains. Keep a hard stop below 1.0340, as a break invalidates the bullish outlook.
—React to Pullbacks: If the price retraces to 1.0420 or 1.0388, consider these levels for potential re-entry, provided the overall uptrend remains intact.
Professor C. E. Ward
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