Looking at the EUR/USD charts across the 15-minute, 1-hour, and 4-hour timeframes, here's my price action analysis:
Bias: Bullish
Market Structure Analysis:
The 4-hour chart shows a clear bullish trend that began in late February, with EUR/USD making consistent higher lows and higher highs. After the strong rally from around 1.0400 to 1.0950, price has established a consolidation zone. The 1-hour chart reveals that price is respecting the recent range between approximately 1.0880 and 1.0940, showing signs of resuming the uptrend after testing support. The 15-minute timeframe shows recent bullish momentum with price holding above the 1.0920 level.
Entry Strategy:
Limit order at 1.0905, looking for a retest of the recent support that has formed in the 1.0900-1.0910 region.
Stop Loss: 1.0870 (35 pips risk)
Take Profit (TP1): 1.0975 (70 pips, 1:2 risk-reward)
Extended Take Profit (TP2): 1.1040 (135 pips, targeting previous structural highs)
Order Type: Limit order
Alternative Scenario:
If price breaks below 1.0880 without triggering the entry, wait for a potential retest of the 1.0850 level. A break and close below 1.0850 would invalidate the bullish bias and suggest a deeper correction.
Key Levels to Watch:
Resistance: 1.0940, 1.0975, 1.1040
Support: 1.0900, 1.0880, 1.0850
This setup aligns with the overall bullish market structure while managing risk appropriately, targeting a continuation of the established uptrend after the current consolidation phase.
Bias: Bullish
Market Structure Analysis:
The 4-hour chart shows a clear bullish trend that began in late February, with EUR/USD making consistent higher lows and higher highs. After the strong rally from around 1.0400 to 1.0950, price has established a consolidation zone. The 1-hour chart reveals that price is respecting the recent range between approximately 1.0880 and 1.0940, showing signs of resuming the uptrend after testing support. The 15-minute timeframe shows recent bullish momentum with price holding above the 1.0920 level.
Entry Strategy:
Limit order at 1.0905, looking for a retest of the recent support that has formed in the 1.0900-1.0910 region.
Stop Loss: 1.0870 (35 pips risk)
Take Profit (TP1): 1.0975 (70 pips, 1:2 risk-reward)
Extended Take Profit (TP2): 1.1040 (135 pips, targeting previous structural highs)
Order Type: Limit order
Alternative Scenario:
If price breaks below 1.0880 without triggering the entry, wait for a potential retest of the 1.0850 level. A break and close below 1.0850 would invalidate the bullish bias and suggest a deeper correction.
Key Levels to Watch:
Resistance: 1.0940, 1.0975, 1.1040
Support: 1.0900, 1.0880, 1.0850
This setup aligns with the overall bullish market structure while managing risk appropriately, targeting a continuation of the established uptrend after the current consolidation phase.
Trade active
Trade closed: stop reached
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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.
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.