🔥 EUR/USD Breakout Alert – High-Probability Trade Setup 🔥
📉 Descending Channel Breakout spotted on the 1H timeframe, signaling a potential trend reversal! After an extended downtrend, price has finally broken above the resistance, confirming bullish momentum.
📊 Trade Setup:
✅ Entry: Just above the breakout level
🎯 Take Profit 1: 1.04613
🎯 Take Profit 2: 1.05019
🛑 Stop Loss: 1.04034 (below recent support for risk management)
💡 Why this setup matters:
🔹 Strong breakout from the downward channel
🔹 Increased volume confirms buying pressure
🔹 Favorable risk-reward ratio for optimal trade execution
🚀 If momentum continues, this setup has the potential to deliver solid profits. Keep an eye on key resistance levels and market sentiment!
📩 Do you agree with this analysis? Drop your thoughts in the comments!
#EURUSD #ForexTrading #PriceAction #Breakout #TradingStrategy #ForexSignals
📉 Descending Channel Breakout spotted on the 1H timeframe, signaling a potential trend reversal! After an extended downtrend, price has finally broken above the resistance, confirming bullish momentum.
📊 Trade Setup:
✅ Entry: Just above the breakout level
🎯 Take Profit 1: 1.04613
🎯 Take Profit 2: 1.05019
🛑 Stop Loss: 1.04034 (below recent support for risk management)
💡 Why this setup matters:
🔹 Strong breakout from the downward channel
🔹 Increased volume confirms buying pressure
🔹 Favorable risk-reward ratio for optimal trade execution
🚀 If momentum continues, this setup has the potential to deliver solid profits. Keep an eye on key resistance levels and market sentiment!
📩 Do you agree with this analysis? Drop your thoughts in the comments!
#EURUSD #ForexTrading #PriceAction #Breakout #TradingStrategy #ForexSignals
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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.