EUR/USD Poised for a Breakout? 4H Chart Buy Strategy!
Hey traders, here’s the scoop on EUR/USD:
✅ Entry: We’re watching a potential bullish breakout. The price is currently testing the 4-hour resistance around 1.0740, sitting right at the 21 EMA (yellow line at 1.0737). A strong close above this level could signal a potential move higher.
❌ Stop Loss: To manage risk, place a stop loss just below the recent support level around 1.0730, ensuring we're out if the breakout doesn't hold.
🎯 Target 1: The first profit target can be set near the next resistance level at 1.0770, offering a reasonable risk-reward from our entry point.
🎯 Target 2: If the momentum remains strong, consider extending the take profit to the upper resistance at 1.0800, following the trend's strength and overall market sentiment.
Monitor price action closely near these critical levels for any signs of reversal, and as always, adjust your strategy based on real-time market conditions. Let’s catch these moves and trade smart!
✅ Entry: We’re watching a potential bullish breakout. The price is currently testing the 4-hour resistance around 1.0740, sitting right at the 21 EMA (yellow line at 1.0737). A strong close above this level could signal a potential move higher.
❌ Stop Loss: To manage risk, place a stop loss just below the recent support level around 1.0730, ensuring we're out if the breakout doesn't hold.
🎯 Target 1: The first profit target can be set near the next resistance level at 1.0770, offering a reasonable risk-reward from our entry point.
🎯 Target 2: If the momentum remains strong, consider extending the take profit to the upper resistance at 1.0800, following the trend's strength and overall market sentiment.
Monitor price action closely near these critical levels for any signs of reversal, and as always, adjust your strategy based on real-time market conditions. Let’s catch these moves and trade smart!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。