Euro / U.S. DollarUpdated "EURUSD H4 Analysis: Critical Levels and Potential Trading Oppor
#EURUSD H4 is currently at a critical juncture, presenting a decisive make or break scenario. Should the H4 successfully close above 1.0750, we can aim for a substantial buy opportunity up to 1.0847, offering nearly 100 pips with a stop loss ranging from 30-50 pips, thus providing a 2:1 risk-reward ratio.
Conversely, if the price encounters rejection within the range of 1.07311-1.07458, we can explore potential selling opportunities following confirmation. In this case, we would target a decline of 60-70 pips with a stop loss of 30 pips, also offering a 2:1 target.
In our strategy, the H4 candle closing holds paramount significance. A closing above resistance signals a buy opportunity, whereas a closing resembling an inverted hammer from the marked supply zone suggests a sell position.
It's crucial to avoid overexposure and manage risk effectively.
Conversely, if the price encounters rejection within the range of 1.07311-1.07458, we can explore potential selling opportunities following confirmation. In this case, we would target a decline of 60-70 pips with a stop loss of 30 pips, also offering a 2:1 target.
In our strategy, the H4 candle closing holds paramount significance. A closing above resistance signals a buy opportunity, whereas a closing resembling an inverted hammer from the marked supply zone suggests a sell position.
It's crucial to avoid overexposure and manage risk effectively.
Note
#Update EURUSD H4 The current price of EURUSD is present at our marked resistance zone . We should monitor how the market reacts within this zone. If the four-hour timeframe (H4) closes with a bearish pattern like an inverted hammer, we'll consider selling. Conversely, if the H4 candle closes above our previously identified resistance zone, we'll consider initiating a buy position as discussed with our earier message.Leave this setup if it acivates during tomorrows NFP Data News as technical failed during Big Fundamental news.Trade active
#Update #EURUSD Price Has Broken the resistance now we are waiting for our BUY TGT
Mr K
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Mr K
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
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.