EUR/USD 4H Chart Analysis – Updated Buy Signal After Reversal
We’re analyzing the EUR/USD 4H chart, where a fresh BUY signal has emerged following a previous one that didn’t play out as expected. The market went against the prior signal, but we now have a new opportunity to enter with a larger position while still holding the previous trade. We can adjust the Take Profit (TP) target to this new zone.
Key Observations:
- Previous BUY Signal: A BUY signal at 1.10677 was triggered earlier but did not hit its target. We're still holding that position and can now consider adding a new one.
- Current BUY Signal: A new BUY signal was triggered at 1.09745, presenting another potential upward movement.
- TP Zone: The Take Profit zone is between 1.10018 and 1.10245, offering a potential combined profit for both positions.
- Market Structure: Price action is showing signs of a possible reversal with bullish momentum building, and the market structure supports the potential move toward this new TP zone.
Trading Plan:
- Bullish Scenario: For those still holding the previous position, move the TP to the new zone and consider adding to your position here. Watch for confirmations as the price nears the target.
- Risk Management: Increase position size carefully, and move stop-loss to manage risk efficiently.
Stay focused, and trade wisely!
Key Observations:
- Previous BUY Signal: A BUY signal at 1.10677 was triggered earlier but did not hit its target. We're still holding that position and can now consider adding a new one.
- Current BUY Signal: A new BUY signal was triggered at 1.09745, presenting another potential upward movement.
- TP Zone: The Take Profit zone is between 1.10018 and 1.10245, offering a potential combined profit for both positions.
- Market Structure: Price action is showing signs of a possible reversal with bullish momentum building, and the market structure supports the potential move toward this new TP zone.
Trading Plan:
- Bullish Scenario: For those still holding the previous position, move the TP to the new zone and consider adding to your position here. Watch for confirmations as the price nears the target.
- Risk Management: Increase position size carefully, and move stop-loss to manage risk efficiently.
Stay focused, and trade wisely!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.