EURUSD 4HR ANALYSIS / S&R THEORY
Bullish scenario 1
Price touch Key support area @ 1.0790 zone. Can expect to retest to minor resistance area @ 1.0920 zone and pullback back @ 1.0790 zone before breakout to the upside.
Bullish Scenario 2.
Price could break out towards 1.1130 zone AND find new support @ 1.0900 zone, however Take profit will still apply @ 1.1180 zone.
I'm super excited to see how this theory plays out. .. . . . !!
Risk disclosure ; Trading conditions are volatile , SL as per your own risk apatite.
I recommend a stop loss around 1.0630 zone...
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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.