This chart of EUR/USD on the 1-hour timeframe highlights the following:
1. Resistance Zone (1.0460–1.0470):
The price is testing a resistance level (marked with the red line). Historically, this zone has prevented further upward movement, and there is a possibility of rejection unless there’s strong bullish momentum.
2. Support Zone (1.0380–1.0400):
The green box below indicates a strong support level. If the price reverses, this is likely the area it might test again.
3. Possible Breakout Scenario:
The blue arrow suggests a potential breakout above the resistance level. If this occurs, the price may begin a bullish trend targeting higher levels.
4. Supertrend Indicator:
The chart shows the supertrend currently in an uptrend. If the price holds above the supertrend line, the bullish bias remains intact. However, a reversal could shift it into a downtrend.
My Ideas:
Bullish Case: Wait for a confirmed breakout above the resistance level (with strong candle closes above 1.0470) before entering a long position. Target areas could be 1.0500 or higher.
Bearish Case: If the price gets rejected at resistance, consider entering a short position targeting the support zone around 1.0400.
Risk Management: Use stop-loss orders to protect against false breakouts or rapid reversals. Keep SL tight, either below the support or resistance, depending on your trade direction.
1. Resistance Zone (1.0460–1.0470):
The price is testing a resistance level (marked with the red line). Historically, this zone has prevented further upward movement, and there is a possibility of rejection unless there’s strong bullish momentum.
2. Support Zone (1.0380–1.0400):
The green box below indicates a strong support level. If the price reverses, this is likely the area it might test again.
3. Possible Breakout Scenario:
The blue arrow suggests a potential breakout above the resistance level. If this occurs, the price may begin a bullish trend targeting higher levels.
4. Supertrend Indicator:
The chart shows the supertrend currently in an uptrend. If the price holds above the supertrend line, the bullish bias remains intact. However, a reversal could shift it into a downtrend.
My Ideas:
Bullish Case: Wait for a confirmed breakout above the resistance level (with strong candle closes above 1.0470) before entering a long position. Target areas could be 1.0500 or higher.
Bearish Case: If the price gets rejected at resistance, consider entering a short position targeting the support zone around 1.0400.
Risk Management: Use stop-loss orders to protect against false breakouts or rapid reversals. Keep SL tight, either below the support or resistance, depending on your trade direction.
Trade closed: target reached
Target HIT 🎯
𝐀𝐥𝐥 𝐏𝐚𝐢𝐫𝐬 𝐅𝐫𝐞𝐞 𝐒𝐢𝐠𝐧𝐚𝐥𝐬 𝐟𝐨𝐫 𝐥𝐢𝐟𝐞𝐭𝐢𝐦e
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🔜✅𝐗𝐀𝐔𝐔𝐒𝐃👍🔥🔥
🔜✅𝐆𝐁𝐏𝐔𝐒𝐃👍🔥🔥
🔜✅𝐆𝐁𝐏𝐀𝐔𝐃👍🔥🔥
🔜✅𝐎𝐭𝐡𝐞𝐫 𝐀𝐥𝐥 𝐏𝐚𝐢𝐫𝐬 𝐓𝐏 𝐊𝐢𝐥𝐥𝐞𝐫
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t.me/+HJz7iTtiL90xODM8
🔜✅𝐗𝐀𝐔𝐔𝐒𝐃👍🔥🔥
🔜✅𝐆𝐁𝐏𝐔𝐒𝐃👍🔥🔥
🔜✅𝐆𝐁𝐏𝐀𝐔𝐃👍🔥🔥
🔜✅𝐎𝐭𝐡𝐞𝐫 𝐀𝐥𝐥 𝐏𝐚𝐢𝐫𝐬 𝐓𝐏 𝐊𝐢𝐥𝐥𝐞𝐫
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Disclaimer
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𝐀𝐥𝐥 𝐏𝐚𝐢𝐫𝐬 𝐅𝐫𝐞𝐞 𝐒𝐢𝐠𝐧𝐚𝐥𝐬 𝐟𝐨𝐫 𝐥𝐢𝐟𝐞𝐭𝐢𝐦e
t.me/+HJz7iTtiL90xODM8
🔜✅𝐗𝐀𝐔𝐔𝐒𝐃👍🔥🔥
🔜✅𝐆𝐁𝐏𝐔𝐒𝐃👍🔥🔥
🔜✅𝐆𝐁𝐏𝐀𝐔𝐃👍🔥🔥
🔜✅𝐎𝐭𝐡𝐞𝐫 𝐀𝐥𝐥 𝐏𝐚𝐢𝐫𝐬 𝐓𝐏 𝐊𝐢𝐥𝐥𝐞𝐫
t.me/+HJz7iTtiL90xODM8
t.me/+HJz7iTtiL90xODM8
🔜✅𝐗𝐀𝐔𝐔𝐒𝐃👍🔥🔥
🔜✅𝐆𝐁𝐏𝐔𝐒𝐃👍🔥🔥
🔜✅𝐆𝐁𝐏𝐀𝐔𝐃👍🔥🔥
🔜✅𝐎𝐭𝐡𝐞𝐫 𝐀𝐥𝐥 𝐏𝐚𝐢𝐫𝐬 𝐓𝐏 𝐊𝐢𝐥𝐥𝐞𝐫
t.me/+HJz7iTtiL90xODM8
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.