EUR/USD has just filled the previous gap on the 4H chart and is now forming higher lows right below a descending trendline. Price is currently sitting above a key structural support zone.
In my view, if price can break above this trendline with confirmation, there’s a good chance we’ll see a move toward the 1.13732 resistance area. The recovery structure looks solid so far, and MACD is starting to turn bullish.
📌 Key Points of the Setup:
Gap has been filled ✅
Price holding above structure support
Target: 1.13732
Stop loss: below 1.11357
A confirmed breakout could lead to a bullish continuation
This is a personal trade idea, not financial advice. Please manage your own risk.
In my view, if price can break above this trendline with confirmation, there’s a good chance we’ll see a move toward the 1.13732 resistance area. The recovery structure looks solid so far, and MACD is starting to turn bullish.
📌 Key Points of the Setup:
Gap has been filled ✅
Price holding above structure support
Target: 1.13732
Stop loss: below 1.11357
A confirmed breakout could lead to a bullish continuation
This is a personal trade idea, not financial advice. Please manage your own risk.
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.
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.