EURUSD 4hrs long analysis

22 janv.

A solid low has been established on the 4-hour chart, while the daily resistance remains intact.

A retracement to the trend line is anticipated, providing an opportunity for buyers to step in.

Bullish Scenario:

If price holds above the trend line with substantial buying pressure and volume, EURUSD may extend its rally towards the supply zone around $1.0600, potentially mitigating it.

Key Levels to Watch:

- Trend line support
- Daily resistance
- Supply zone around $1.0600

PS: This analysis is for educational purposes only and should not be considered financial advice & remember to always practice good risk management.

23 janv.

Transaction en cours

24 janv.

Note

Trade Update:

I am Locking in partial profits here and adjusting risk management:

- Taking some profit off the table and move stop loss to break even

Securing a risk-free trade while still riding the potential uptrend.