THEFOREXADVENTURES | EURUSD BULLISH STRUCTURE
Updated
HELLO FELLOW TRADERS,
I'm taking a look at the Euro/USD pair on the 4-hour timeframe. As you can see, the price has been consolidating around defined demand zone for the past few days. This zone is marked by a horizontal pink rectangle.
Within this zone, we've seen a clear descending channel forming, indicating potential downward pressure. However, the price has recently breakout descending channel , suggesting a possible reversal.
Now, here's where it gets interesting. at the moment market running around our demand zone if we find any confirmation it could signal a significant bullish move. here any confirmation would confirm a potential change in market sentiment and could lead to further upward momentum.
Therefore, I'm closely watching the price action around the Demand zone. If I find confirmation, I'll be looking to enter a long position with a stop-loss below the Demand zone and a take-profit target towards the next Supply zone.
RISK MANAGEMENT: Emphasize the importance of risk management and using stop-loss orders to protect your capital.
I hope this analysis provides you with some valuable insights. Feel free to share your thoughts and opinions in the comments section below.
HAPPY TRADING!
I'm taking a look at the Euro/USD pair on the 4-hour timeframe. As you can see, the price has been consolidating around defined demand zone for the past few days. This zone is marked by a horizontal pink rectangle.
Within this zone, we've seen a clear descending channel forming, indicating potential downward pressure. However, the price has recently breakout descending channel , suggesting a possible reversal.
Now, here's where it gets interesting. at the moment market running around our demand zone if we find any confirmation it could signal a significant bullish move. here any confirmation would confirm a potential change in market sentiment and could lead to further upward momentum.
Therefore, I'm closely watching the price action around the Demand zone. If I find confirmation, I'll be looking to enter a long position with a stop-loss below the Demand zone and a take-profit target towards the next Supply zone.
RISK MANAGEMENT: Emphasize the importance of risk management and using stop-loss orders to protect your capital.
I hope this analysis provides you with some valuable insights. Feel free to share your thoughts and opinions in the comments section below.
HAPPY TRADING!
Trade active
TRADE ACTIVE
FOLLOW THIS SETUP WITH PROPER RISK MANAGEMENT
ONE TRADE IS ENOUGH TO CHANGE YOUR LIFE.
💱 6 YEARS IN THE GAME 👊
| SUPPLY & DEMAND + STRUCTURE + VOLUME = 💸
| LEARN FOREX TRADING 👇
t.me/+3WMFRXH1kvgxYTc0
💱 6 YEARS IN THE GAME 👊
| SUPPLY & DEMAND + STRUCTURE + VOLUME = 💸
| LEARN FOREX TRADING 👇
t.me/+3WMFRXH1kvgxYTc0
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