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š EUR/USD Trade Setup š
š¹ Buy Zone: 1.07150
š¹ Target Point: 1.07500+
š¹ Stop Loss: 1.06303
šµāā H4 Chart Analysis:
ā
Strong support at 1.07150
ā
Potential bullish reversal signals
ā
Favorable risk-to-reward ratio
š Trade Wisely! Manage risk properly.
Would you like any modifications or a chart to go with it? Your buy zone at 1.07150 on the EUR/USD H4 chart suggests a potential support area where buyers might step in. Here are key factors to consider:
H4 Analysis
1. Support & Resistance:
If 1.07150 aligns with previous support levels, it could be a strong buy zone.
Look for confirmation via candlestick patterns (e.g., bullish engulfing, pin bar).
2. Trend & Structure:
Is the overall trend bullish or in a pullback?
If it's an uptrend, 1.07150 could be a great retracement entry.
If it's a downtrend, wait for strong rejection signals.
3. Indicators Confirmation:
Fibonacci Levels: Does 1.07150 align with 38.2%, 50%, or 61.8% retracement?
RSI & Stochastics: If oversold, a bounce is likely.
Moving Averages: Check for support around the 50/200 EMA.
4. Price Action Signals:
A strong bullish candle around 1.07150 increases the probability of reversal.
A break and retest pattern could confirm a safe entry.
Trade Setup
Entry: Buy around 1.07150 if confirmation appears.
Stop Loss: Below recent swing low (~1.07000 or lower).
Take Profit: Key resistance zones (1.07500, 1.07800, or higher).
Risk-Reward: Maintain at least 1:2 or 1:3 RR ratio.
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