Euro / U.S. Dollar
Long
Updated

EUR/USD Bullish Setup | Buy the Dip Strategy

287
๐Ÿ”ต Trend: Bullish โฌ†๏ธ (Ascending Channel)

๐Ÿ“Œ Analysis Breakdown:

๐ŸŸข . Current Price: 1.1439

๐ŸŸข . Trend: Uptrend โœ… (Price respecting ascending channel)

๐ŸŸข . EMA 70 (Support): 1.1387 ๐Ÿ“‰ (Price is above = Bullish)

๐Ÿ’Ž Zones:

๐Ÿ“ . DEMAND ZONE (Buy Area):
โž” 1.1389 ๐ŸŸฆ โ†’ 1.1311 ๐ŸŸง
โœจ Where buyers are likely to step in

๐Ÿ“ . ENTRY POINT:
โž” ~1.1389 ๐ŸŽฏ

๐Ÿ“ . STOP LOSS:
โž” 1.1311 โ— (Below previous swing low)

๐Ÿ“ . TARGET POINT (Take Profit):
โž” 1.1590 ๐ŸŽฏ๐Ÿ’ฐ (Upper boundary of the channel)

โš–๏ธ Risk-Reward Ratio (RRR):
๐Ÿ”ธ Risk: ~78 pips โ—
๐Ÿ”ธ Reward: ~201 pips ๐Ÿ’ฐ
โž” RRR โ‰ˆ 1:2.5 โญ (Good Setup)

๐Ÿšจ Strategy Recommendation:

โœ… . Buy on retracement into DEMAND ZONE
โœ… . Wait for bullish candle confirmation (Hammer, Engulfing)
โœ… . First target: 1.1590 ๐Ÿ
โŒ . Break below 1.1311 = Invalidate setup โš ๏ธ

๐Ÿ“… Watch Out:
๐Ÿ—“๏ธ High-impact news โšก (ECB, Fed, NFP) may cause

๐ŸŽฏ Summary:
๐Ÿ”น Plan: Buy the dip ๐ŸŸข
๐Ÿ”น Trend: Bullish ๐Ÿ“ˆ
๐Ÿ”น Setup Quality: โญโญโญโญโ˜† (4/5)
Trade closed: target reached
snapshot
Note
amazing flying fighters hit our target enjoy your special profits and send me feedback

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.