Hi traders!, Analyzing EUR/USD on the 30-minute timeframe, we can observe that price is respecting the ascending channel and reacting to the dynamic trendline support (green dashed lines). A recent bounce suggests a potential bullish continuation within this structure.
🔹 Entry: 1.17399
🔹 Take Profit (TP): 1.17640
🔹 Stop Loss (SL): 1.17056
Price remains above the 200 EMA, confirming a bullish environment. The bounce aligns with the lower boundary of the channel and follows a short consolidation period, indicating buying pressure. The RSI also shows signs of recovery after approaching oversold levels, supporting the idea of upward momentum.
This long setup offers a favorable risk/reward ratio and aims to capture continuation toward upper channel resistance.
⚠️ DISCLAIMER: This is not financial advice. Trade at your own risk and always use proper risk management.
🔹 Entry: 1.17399
🔹 Take Profit (TP): 1.17640
🔹 Stop Loss (SL): 1.17056
Price remains above the 200 EMA, confirming a bullish environment. The bounce aligns with the lower boundary of the channel and follows a short consolidation period, indicating buying pressure. The RSI also shows signs of recovery after approaching oversold levels, supporting the idea of upward momentum.
This long setup offers a favorable risk/reward ratio and aims to capture continuation toward upper channel resistance.
⚠️ DISCLAIMER: This is not financial advice. Trade at your own risk and always use proper risk management.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥 Top indicators I personally use 👇
tinyurl.com/3dh9em7m
tinyurl.com/3dh9em7m
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.