🔹 Entry: 1.09074
🔹 Stop Loss: 1.08901
🔹 Take Profit: 1.09616
🔹 Risk-Reward Ratio: ~3:1
Analysis:
✅ Demand Zone Rejection – Price has bounced from a strong support level, indicating buyers stepping in.
✅ Bullish Momentum – Market structure shows signs of higher lows forming.
✅ Targeting Supply Zone – TP is set near the 1.09616 supply zone, where sellers might react.
✅ Confluence with News Events – Upcoming USD news could provide volatility in favor of the move.
📊 Plan:
🚀 Enter long at 1.09074 after confirmation.
⚠️ Stop loss is placed below the recent support to minimize risk.
🎯 Take profit is set near resistance to maximize gains.
📢 Let me know your thoughts in the comments! 🔥
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This keeps it engaging, professional, and structured for TradingView. Let me know if you want any modifications! 🚀
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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.
Related publications
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.