Entry Zone (Buy Area): Between 1.12729 and 1.13101
Stop Loss: 1.12100
Target (TP1): 1.16950
Risk-Reward Ratio (R:R):
Risk: 1.13101 - 1.12100 = 101 pips
Reward: 1.16950 - 1.13101 = ~385 pips
R:R ≈ 1:3.8 — excellent risk-to-reward
📈 Technical Observations
Bullish Momentum: Strong bullish candles leading into the setup suggest buyers are currently in control.
Support Zone (Entry Area):
The purple zone has acted as a previous resistance, now turned support.
Price may retest this zone before moving higher (as indicated by the blue path on the chart).
Moving Averages:
Red (likely 50 EMA) and blue (possibly 200 EMA) are showing a bullish crossover.
Price is above both MAs, reinforcing a bullish trend.
Projected Move:
The setup anticipates a pullback before a continuation to the upside toward 1.16950.
🧠 Trade Idea Summary
This is a buy-the-dip strategy within a bullish trend.
Entering on the pullback allows for:
Tighter stop loss
Better entry price
Higher R:R ratio
⚠️ Risk Considerations
A break below 1.12100 would invalidate the setup.
Monitor for bearish reversal patterns or news around the EUR/USD that might shift sentiment.
Stop Loss: 1.12100
Target (TP1): 1.16950
Risk-Reward Ratio (R:R):
Risk: 1.13101 - 1.12100 = 101 pips
Reward: 1.16950 - 1.13101 = ~385 pips
R:R ≈ 1:3.8 — excellent risk-to-reward
📈 Technical Observations
Bullish Momentum: Strong bullish candles leading into the setup suggest buyers are currently in control.
Support Zone (Entry Area):
The purple zone has acted as a previous resistance, now turned support.
Price may retest this zone before moving higher (as indicated by the blue path on the chart).
Moving Averages:
Red (likely 50 EMA) and blue (possibly 200 EMA) are showing a bullish crossover.
Price is above both MAs, reinforcing a bullish trend.
Projected Move:
The setup anticipates a pullback before a continuation to the upside toward 1.16950.
🧠 Trade Idea Summary
This is a buy-the-dip strategy within a bullish trend.
Entering on the pullback allows for:
Tighter stop loss
Better entry price
Higher R:R ratio
⚠️ Risk Considerations
A break below 1.12100 would invalidate the setup.
Monitor for bearish reversal patterns or news around the EUR/USD that might shift sentiment.
Trade active
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Related publications
Disclaimer
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.