🔍 Chart Summary:
Currency Pair: EUR/USD
Timeframe: 4H (4-hour)
Indicator Used: 70-period EMA (Exponential Moving Average)
Analysis Type: Bullish Setup (Buy trade idea)
🧠 Key Technical Elements:
📈 Ascending Channel:
Price is trading within a well-defined upward channel (blue lines).
The chart highlights higher highs and higher lows, suggesting a strong bullish trend.
📊 EMA (70) - 1.14387:
Price is above the EMA, reinforcing bullish momentum.
The EMA is providing dynamic support, acting as a trend guide.
📉 Demand Zone (Buy Zone):
Marked in blue and orange, between ~1.13805 and 1.14803.
This is a strong buy zone where previous support and demand were respected.
📍 Entry Point:
Suggested just above the demand zone at ~1.14823.
This is where the price is expected to bounce back upward.
🛑 Stop Loss:
Placed below the demand zone at ~1.13805, giving the trade room to breathe.
Below this point, bullish bias would be invalidated.
🎯 Target Point:
Clearly identified at 1.19000.
This aligns with a potential breakout above the current trend channel and offers a favorable risk-to-reward ratio.
🔄 Price Action Insight:
The chart shows a false breakout above the channel, followed by a retracement back into the demand zone.
The retracement appears controlled, suggesting a potential bullish reversal.
📌 Trade Plan Summary:
Element Value
Entry Point ~1.14823
Stop Loss ~1.13805
Target Point 1.19000
R:R Ratio Roughly 1:3
Bias Bullish
✅ Conclusion:
This is a bullish trade setup based on price rebounding from a demand zone within an ascending channel. The confluence of EMA support and demand makes it high probability if the price respects the entry zone.
Currency Pair: EUR/USD
Timeframe: 4H (4-hour)
Indicator Used: 70-period EMA (Exponential Moving Average)
Analysis Type: Bullish Setup (Buy trade idea)
🧠 Key Technical Elements:
📈 Ascending Channel:
Price is trading within a well-defined upward channel (blue lines).
The chart highlights higher highs and higher lows, suggesting a strong bullish trend.
📊 EMA (70) - 1.14387:
Price is above the EMA, reinforcing bullish momentum.
The EMA is providing dynamic support, acting as a trend guide.
📉 Demand Zone (Buy Zone):
Marked in blue and orange, between ~1.13805 and 1.14803.
This is a strong buy zone where previous support and demand were respected.
📍 Entry Point:
Suggested just above the demand zone at ~1.14823.
This is where the price is expected to bounce back upward.
🛑 Stop Loss:
Placed below the demand zone at ~1.13805, giving the trade room to breathe.
Below this point, bullish bias would be invalidated.
🎯 Target Point:
Clearly identified at 1.19000.
This aligns with a potential breakout above the current trend channel and offers a favorable risk-to-reward ratio.
🔄 Price Action Insight:
The chart shows a false breakout above the channel, followed by a retracement back into the demand zone.
The retracement appears controlled, suggesting a potential bullish reversal.
📌 Trade Plan Summary:
Element Value
Entry Point ~1.14823
Stop Loss ~1.13805
Target Point 1.19000
R:R Ratio Roughly 1:3
Bias Bullish
✅ Conclusion:
This is a bullish trade setup based on price rebounding from a demand zone within an ascending channel. The confluence of EMA support and demand makes it high probability if the price respects the entry zone.
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join my tellegram channel
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join my refferal broker
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t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
Related publications
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.