EUR/USD 1H ANALUSIS; Double Top Rejection potential reversal

3 天前

EUR/USD 1H Chart Analysis
1. Price Action & Market Structure
The EUR/USD currency pair is displayed on a 1-hour timeframe.
The market recently experienced a sharp decline, followed by a potential reversal attempt.
A bounce from support is indicated, suggesting a possible retracement or bullish correction.
2. Indicators & Technical Tools Used
Bollinger Bands: Price touched the lower band, indicating oversold conditions, which may lead to a reversal.
Support & Resistance Levels:
Support: Around 1.03646 - 1.03387.
Resistance (Target Level): 1.04169 (marked in red).
Potential Upward Move: A red arrow suggests a long (buy) trade setup, aiming for the resistance level.
3. Trade Setup & Risk Management
Bullish Setup: The chart suggests a buy position from the lower support zone.
Stop-Loss: Below 1.03387 (previous low).
Take-Profit Target: Near 1.04169 (resistance zone).
4. Conclusion
Bullish Reversal Potential: If price sustains above 1.03646, an upward move toward 1.04169 is possible.
Watch Key Levels: If price fails to hold support, a deeper decline may follow.
Confirmation Needed: Look for bullish candlestick patterns before entering the trade.

前天

交易進行

tarde active from 1.03702 keep hold in buy position