EUR/USD Bullish Reversal Setup โ€“ Demand Zone to Target 1.15646

88
๐Ÿ” Current Price: 1.13414
๐Ÿ“‰ EMA (70): 1.13334

Price is slightly above the EMA โ†’ Bullish hint โœ…


Key Zones & Levels

๐ŸŸฆ Demand Zone:
๐Ÿ“ 1.12441 โžก๏ธ 1.12985

Strong buying interest here!

Price bounced from this zone โ†’ ๐Ÿ“ˆ Possible reversal


๐Ÿ”ต Entry Point: 1.12985
๐Ÿ›‘ Stop Loss: 1.12441
๐ŸŽฏ Target: 1.15646

Trendline Watch

๐Ÿ“‰ Descending trendline is being tested/broken
๐ŸŸ  If price holds above the trendline + EMA โ†’ CONFIRMATION for long entry โœ…


Trade Setup

Buy Entry: 1.12985

TP: 1.15646 ๐ŸŽฏ

SL: 1.12441 ๐Ÿ”ป

Riskโ€“Reward Ratio: ~ 1:4.8 โญ๏ธโญ๏ธโญ๏ธโญ๏ธโญ๏ธ


Visual Flow:

๐Ÿ”ต Demand Zone
โฌ†๏ธ
Break EMA & Trendline
โฌ†๏ธ
๐ŸŽฏ Target Zone (1.15646)

Summary:

Looks like a sweet bullish setup from the demand zone!
If price stays above EMA and trendline โ†’ Go Long โœ…

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.