📈
✅ Trade Setup Summary
Pair: USDEUR (USD vs. Euro)
Timeframe: 30-minute
Trade Type: Long (Buy)
Entry Zone: ~0.8795
Stop Loss: ~0.8766 (below yellow support zone)
Target Zone: ~0.8836 (mid-resistance)
Risk-to-Reward Ratio: Good (~1:2+)
🔍 Technical Insights
Falling Wedge Breakout Attempt:
Price is breaking out from a downward wedge (pink trendlines).
Support holding strong around the 0.8766 zone (yellow).
Double Retest Circle:
Prior breakout level (left) and current (right) show confluence — strengthening the long bias.
Immediate Resistance:
0.8812 (yellow line)
0.8836 (blue horizontal resistance – TP zone)
📌 Trade Confidence Signals
✅ Previous breakout zone retested successfully
🔼 Reversal pattern with higher low
📏 Risk well-defined; tight SL and decent upside
✅ Trade Setup Summary
Pair: USDEUR (USD vs. Euro)
Timeframe: 30-minute
Trade Type: Long (Buy)
Entry Zone: ~0.8795
Stop Loss: ~0.8766 (below yellow support zone)
Target Zone: ~0.8836 (mid-resistance)
Risk-to-Reward Ratio: Good (~1:2+)
🔍 Technical Insights
Falling Wedge Breakout Attempt:
Price is breaking out from a downward wedge (pink trendlines).
Support holding strong around the 0.8766 zone (yellow).
Double Retest Circle:
Prior breakout level (left) and current (right) show confluence — strengthening the long bias.
Immediate Resistance:
0.8812 (yellow line)
0.8836 (blue horizontal resistance – TP zone)
📌 Trade Confidence Signals
✅ Previous breakout zone retested successfully
🔼 Reversal pattern with higher low
📏 Risk well-defined; tight SL and decent upside
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.