Bullish Breakout Trade Setup for EUR/USD
This is a technical analysis chart for a currency pair (likely EUR/USD) from TradingView, showing a bullish trade setup.
Analysis:
Key Levels:
Support: Around 1.04150 (marked as "sl" for stop loss).
Resistance: Near 1.05267 (previous highs marked with red circles).
Entry Zone: Just above 1.04150, suggesting a breakout.
Trade Plan:
Entry Point: Breakout above the previous resistance.
Take Profit Targets:
TP 1: First target around 1.04800.
TP 2: Second target around 1.05000.
Final TP: 1.05267 (previous high).
Stop Loss (SL): Placed below 1.04150.
Market Structure:
The price is breaking above a consolidation/resistance area.
Volume seems to increase, supporting the breakout.
Previous highs at 1.05267 indicate strong resistance.
Trading Bias:
Bullish outlook, expecting a continuation upwards.
Entry is aligned with a breakout strategy.
Risk management is in place with a stop loss below support.
Analysis:
Key Levels:
Support: Around 1.04150 (marked as "sl" for stop loss).
Resistance: Near 1.05267 (previous highs marked with red circles).
Entry Zone: Just above 1.04150, suggesting a breakout.
Trade Plan:
Entry Point: Breakout above the previous resistance.
Take Profit Targets:
TP 1: First target around 1.04800.
TP 2: Second target around 1.05000.
Final TP: 1.05267 (previous high).
Stop Loss (SL): Placed below 1.04150.
Market Structure:
The price is breaking above a consolidation/resistance area.
Volume seems to increase, supporting the breakout.
Previous highs at 1.05267 indicate strong resistance.
Trading Bias:
Bullish outlook, expecting a continuation upwards.
Entry is aligned with a breakout strategy.
Risk management is in place with a stop loss below support.
Trade active
Entry: Breakout above resistance near 1.04150Stop Loss (SL): Below 1.04150
Take Profit Targets:
Note
boom boom bnjoy profitTP 1hit : Around 1.04800
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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.
JOIN OUR VIP TELEGRAM CHANNEL 👇
t.me/AK_GoldTradersignals
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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.