EUR/USD 4H Chart Analysis – Bullish Potential
We’re currently analyzing the EUR/USD 4H chart, where a fresh BUY signal has emerged, indicating potential for upward movement.
Key Observations:
- BUY Signal: A BUY signal was triggered at 1.10677, pointing to a possible reversal from the recent downtrend.
- TP Zone: The identified Take Profit (TP) zone lies between 1.11012 and 1.11240, offering a potential gain of approximately 33 to 56 pips.
- Market Structure: The price is holding above key support levels, and the overall market structure hints at a continuation toward the TP zone. Recent price action suggests diminishing bearish momentum as we approach these levels.
Trading Plan:
If the price continues to rise, targeting the TP zone between 1.11012 and 1.11240 could provide a favorable outcome. Keep an eye out for confirmations as the price nears these targets.
Always manage your risk effectively and adapt to new signals as needed. Trade smart!
Key Observations:
- BUY Signal: A BUY signal was triggered at 1.10677, pointing to a possible reversal from the recent downtrend.
- TP Zone: The identified Take Profit (TP) zone lies between 1.11012 and 1.11240, offering a potential gain of approximately 33 to 56 pips.
- Market Structure: The price is holding above key support levels, and the overall market structure hints at a continuation toward the TP zone. Recent price action suggests diminishing bearish momentum as we approach these levels.
Trading Plan:
If the price continues to rise, targeting the TP zone between 1.11012 and 1.11240 could provide a favorable outcome. Keep an eye out for confirmations as the price nears these targets.
Always manage your risk effectively and adapt to new signals as needed. Trade smart!
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.