Euro / U.S. Dollar
Long
Updated

EURUSD – Watch for Bullish Reaction Near 1.15744

173
Description:

EURUSD is approaching a major support zone at 1.15744, as shown on the 4H chart. This level lines up with prior structure and could act as a springboard for a bullish move if buyers step in.

Trade Plan:

Do NOT enter immediately at 1.15744.

Wait for clear bullish confirmation at or just above 1.15744 (examples: bullish engulfing, strong pin bar, multiple rejections, or your trusted indicator).

If confirmation is seen, consider a long trade targeting the next resistance levels at 1.16292, 1.16753, and 1.17229.

Place your stop-loss slightly below the swing low (around 1.15441 or according to your risk).

Why Wait for Confirmation?

1.15744 is an area to monitor, not a trigger!

Price may slice through the level or fake out before reversing—waiting for confirmation increases your edge and reduces risk.

Levels to Watch:

Support (monitor for entry): 1.15744

Stop Loss: Below 1.15441

Targets: 1.16292, 1.16753, 1.17229

Extra Tips:

Ignore the entry level if price shows no bullish reaction or momentum.

Watch for news/events that could create volatility and invalidate this setup.

Summary:
Wait for the market to show its hand at 1.15744. Only enter on solid bullish evidence!

Trade closed: target reached

Disclaimer

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