(EURUSD Buy now)
EUR/USD 4-hour chart displays a bullish continuation pattern that appears to be forming a classic ascending triangle or potential bullish flag, indicating upward momentum. The price has recently broken above the resistance level near 1.1300, confirmed by a strong bullish candle, and is currently trading around 1.1371. This breakout is supported by a rising Ichimoku Cloud, which suggests bullish sentiment in the short to medium term.
The entry zone for this trade setup was ideally around the breakout level near 1.1300–1.1320, where the price pushed through the previous resistance and found support. The target point is clearly marked on the chart around the 1.1500 zone, which is the projected price based on the height of the pattern added to the breakout level. This aligns with prior highs and a zone of potential profit-taking.
The Ichimoku Cloud's bullish twist and the follow-through buying pressure strengthen the bullish case. As long as the price remains above the cloud and holds above the breakout zone, this setup remains valid. A potential stop-loss could be placed just below the cloud or recent swing low around 1.1250–1.1270 to manage risk.
In summary, this chart indicates a favorable long trade setup for EUR/USD, with an entry around 1.1300–1.1320, targeting the 1.1500 level, supported by technical breakout and trend indicators.
EUR/USD 4-hour chart displays a bullish continuation pattern that appears to be forming a classic ascending triangle or potential bullish flag, indicating upward momentum. The price has recently broken above the resistance level near 1.1300, confirmed by a strong bullish candle, and is currently trading around 1.1371. This breakout is supported by a rising Ichimoku Cloud, which suggests bullish sentiment in the short to medium term.
The entry zone for this trade setup was ideally around the breakout level near 1.1300–1.1320, where the price pushed through the previous resistance and found support. The target point is clearly marked on the chart around the 1.1500 zone, which is the projected price based on the height of the pattern added to the breakout level. This aligns with prior highs and a zone of potential profit-taking.
The Ichimoku Cloud's bullish twist and the follow-through buying pressure strengthen the bullish case. As long as the price remains above the cloud and holds above the breakout zone, this setup remains valid. A potential stop-loss could be placed just below the cloud or recent swing low around 1.1250–1.1270 to manage risk.
In summary, this chart indicates a favorable long trade setup for EUR/USD, with an entry around 1.1300–1.1320, targeting the 1.1500 level, supported by technical breakout and trend indicators.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.