Eurusd buy
This chart displays the EUR/USD 1-hour timeframe with a technical analysis focused on a potential bullish movement. Here's the breakdown:
1. Demand Zone:
The blue shaded area (marked as the "Demand Zone") indicates a price level where buying pressure is expected. Traders anticipate this zone to act as strong support, leading to a potential price reversal or continuation of an upward trend.
2. Entry Point:
The current price (1.04272) suggests the market is near the lower boundary of the demand zone. A buy setup is likely being planned from this area.
3. First Take Profit (TP):
The first target is set at 1.04818, highlighted with a horizontal line. This level serves as the initial profit-taking zone where the price may face resistance.
4. Overall Target:
The ultimate bullish target is around 1.05439. This is the upper boundary of the blue area and aligns with a higher resistance level.
5. Stop Loss:
Although not explicitly marked, the lower orange area (near 1.03472) may represent the stop-loss zone to manage risks in case the price breaks below the demand zone.
This analysis assumes a bullish bias, with a focus on price action within the demand zone to confirm a reversal and hit the take-profit levels.
1. Demand Zone:
The blue shaded area (marked as the "Demand Zone") indicates a price level where buying pressure is expected. Traders anticipate this zone to act as strong support, leading to a potential price reversal or continuation of an upward trend.
2. Entry Point:
The current price (1.04272) suggests the market is near the lower boundary of the demand zone. A buy setup is likely being planned from this area.
3. First Take Profit (TP):
The first target is set at 1.04818, highlighted with a horizontal line. This level serves as the initial profit-taking zone where the price may face resistance.
4. Overall Target:
The ultimate bullish target is around 1.05439. This is the upper boundary of the blue area and aligns with a higher resistance level.
5. Stop Loss:
Although not explicitly marked, the lower orange area (near 1.03472) may represent the stop-loss zone to manage risks in case the price breaks below the demand zone.
This analysis assumes a bullish bias, with a focus on price action within the demand zone to confirm a reversal and hit the take-profit levels.
Trade active
Note
Keep hold Trade closed: target reached
Buy it
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Gold Free Signals 👇👇
t.me/GoldVipSignals7
For Free Signals Join My Channel
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For Free Signals Join My Channel
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