EURUSD
Diupdate
📌 Trading Instrument: EUR/USD
🔶 Bullish Breakout with Strong Potential 🔶
📝 Market Overview:
🎯 Trade Details:
Stop Loss (SL): Today’s low
Take Profit (TP): 1.09528
This trade leverages several technical signals:
🚨 Disclaimer:
This is not financial advice. Always conduct your own research and trade responsibly. Markets are highly volatile, and you should only invest money you are prepared to lose.
🔶 Bullish Breakout with Strong Potential 🔶
📝 Market Overview:
- After 16 days of consolidation, EUR/USD has finally broken out of the diagonal resistance, suggesting a bullish move ahead. I took a position just before the breakout, assessing the potential reward as extremely favorable compared to the risk. The trade has a remarkable Risk-Reward Ratio of 17.5:1, making it highly attractive even with a low initial risk.
- The breakout is supported by triple bullish divergences, signaling a strong potential for upward momentum. Moreover, the market is currently trading near the 0.61 Fibonacci retracement level, a critical point often signaling reversals.
- Additionally, we have a solid support zone just below, which has held firm for 750 days. The absence of any significant breakdown from this level strengthens the bullish case. If this support holds, it will continue to fuel the upward momentum. However, any breakdown here could signal a notable trend reversal, so I'm closely monitoring the price action.
- Given these technical signals, I opted for a day trade with the potential to extend it through the week, depending on price movement and relevant news flow.
🎯 Trade Details:
Stop Loss (SL): Today’s low
Take Profit (TP): 1.09528
This trade leverages several technical signals:
- Bullish divergence across multiple timeframes.
- Holding near the 0.61 Fibonacci retracement level.
- The strong support that has not broken for 750 days.
- The lack of a breakdown further solidifies the bullish outlook, and if the breakout gains momentum, this could be a highly profitable setup.
🚨 Disclaimer:
This is not financial advice. Always conduct your own research and trade responsibly. Markets are highly volatile, and you should only invest money you are prepared to lose.
Trading ditutup: stop tercapai
Got sl
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