EUR/USD Bullish Reversal Setup – Buy from Demand Zone Near 200 EEMA 30 (Red): 1.09984
EMA 200 (Blue): 1.08869
🧠 Trade Idea: Long (Buy) Setup
📍 Entry Zone (Support/Buy Area):
Entry Point: Around 1.08868 – 1.08869
This zone aligns with the 200 EMA, acting as dynamic support.
There's also a clear demand zone (purple box), indicating historical buying interest.
⛔ Stop Loss:
Set at 1.08080
Placed below the demand zone to minimize risk if support fails.
🎯 Take Profit (Target):
Target Point: Around 1.11452
Coincides with a previous supply zone/resistance area (top purple box).
⚖️ Risk-to-Reward (R:R):
Risk: ~80 pips
Reward: ~250 pips
R:R Ratio: ~3.1:1 — A solid risk-to-reward setup.
🔍 Market Structure Observations:
Recent bullish momentum followed by a correction.
Price is approaching major support (near 200 EMA).
Likely scenario: Pullback into the demand zone, then bullish continuation toward the target.