EURO/USD a projected bullish breakout.🧠 Chart Structure Overview
Pair: EUR/USD
Timeframe: 4-hour (4H)
Platform: TradingView
Indicators: SMART D S 250 6 2.6 (likely a custom or proprietary indicator)
Date Range: March to early June
Chart Type: Candlestick
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🧾 Key Technical Elements
🔴 Support Zone
Marked in Red: A clear demand zone between 1.07002 and 1.08499, showing historical buying interest.
This is a high-probability reversal zone where price previously bounced, reinforcing the zone's strength.
🟢 Trendline Support
A dynamic upward sloping trendline intersects near current price action, adding confluence to the potential bounce area.
🟨 FVG (Fair Value Gap)
A yellow rectangle labeled "FVG" suggests an imbalance in price, where the market moved too quickly, leaving unfilled orders.
Often, price retraces to these zones before continuing the trend — a key liquidity magnet for smart money traders.
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📈 Projected Price Movement (Trade Idea)
✔️ Bullish Bias
The chart suggests a bullish continuation setup, with price expected to:
1. Retest the ascending trendline and support zone.
2. Possibly dip into the FVG area.
3. Form a higher low.
4. Resume upward momentum targeting the green zone above.
🟩 Target Zone
Marked in green, the target zone ranges from around 1.14700 to 1.16750.
This is likely a take-profit zone, corresponding to prior structure highs or supply zones.
🟥 Stop-Loss Zone
Located just below the support area, likely in the 1.09800 - 1.07000 range, providing a tight risk-to-reward ratio.
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⚙️ Risk/Reward Setup
The green and red rectangles represent a classic risk-reward trade box:
Risk: Below the trendline and support.
Reward: Above the current range high, with a projected bullish breakout.
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🧠 Final Thoughts
This chart reflects a smart money concept-based approach, combining:
Market structure
Liquidity zones (FVG)
Support/resistance and trendlines
Risk-reward planning
It implies a well-defined long (buy) trade plan with technical confluences supporting bullish continuation — ideal for swing traders or intra-week position traders.
