EURO/USD BREAKOUT AFTER CONSOLIDATION PRICE MAKE UPWORD MOVEA resistance zone is marked near the top (around the 1.13 - 1.14 range), which was previously a strong price ceiling.
A support zone is marked near the bottom, showing a level where price previously bounced back up.
2. Break of Structure (BOS):
A BOS label indicates a key price structure has been broken, suggesting a potential shift in market direction — in this case, likely a bullish breakout.
3. Rocket Icon and Target Area:
The rocket icon and green target box symbolize a bullish price projection, suggesting that price may continue upward.
The target zone is projected near 1.165547, hinting at a long/buy position expectation.
4. Fibonacci Level:
There's a Fibonacci extension or retracement level (0.786923566402819) drawn, likely helping define entries or confirmations.
5. Price Action:
The chart shows a strong bullish momentum with a recent breakout from consolidation.
A small consolidation or retest pattern is drawn within the green zone (above 1.13546), suggesting a bullish continuation after a potential retest.
6. Trade Setup:
The chart likely represents a buy setup, entering around 1.13546 after a pullback, with stop loss below the red zone and take profit near the green target zone.
