EUR/USD 4H Long Continuation Setup
FVG + Fib Retracement + Trend Channel + Two Bullish Scenarios
📊 Trend Confirmation:
✅ Weekly: Bullish
✅ Daily: Bullish
✅ 4H: Bullish
Market structure across all major timeframes supports a long bias.
📈 Current Structure:
Price recently made a strong impulsive move up and is now beginning to pull back, offering an opportunity to enter on the dip. We’re trading within a well-respected ascending trend channel.
🔁 Key Fib Levels for Retracement:
0.5 = 1.1787
0.618 = 1.1752
0.786 = 1.1710
📦 Fair Value Gaps (FVGs):
A cluster of H4 FVGs exists between 1.1780 and 1.1710, offering high-probability rebalancing zones where price may react and resume upward.
🧭 Two Bullish Scenarios:
Scenario 1: Shallow Pullback and Immediate Continuation
Price pulls back only to the 0.5–0.618 Fib zone (around 1.1780–1.1750). Finds support in the first FVG. Pushes up from there, maintaining channel structure.This suggests aggressive bulls are stepping in early
Scenario 2: Deeper Liquidity Grab Before Continuation
Price dips further into the 0.786 Fib level (~1.1710).Taps deeper into imbalance and possible trendline liquidity. Then sharply reverses, potentially creating a sweep of weak longs before heading higher. Offers the best RR for a continuation entry from demand
🎯 Upside Targets:
TP1: Retest of local high at 1.1850–1.1860
TP2: Fib extension toward 1.1900–1.1930
📌 Summary:
This setup provides two well-defined bullish continuation paths within a clean uptrend. Whether price reacts at the shallow retracement zone or dips deeper into the 0.786 + FVG area, both scenarios offer strong confluence for long setups. Patience is key to wait for the reaction and confirmation.
FVG + Fib Retracement + Trend Channel + Two Bullish Scenarios
📊 Trend Confirmation:
✅ Weekly: Bullish
✅ Daily: Bullish
✅ 4H: Bullish
Market structure across all major timeframes supports a long bias.
📈 Current Structure:
Price recently made a strong impulsive move up and is now beginning to pull back, offering an opportunity to enter on the dip. We’re trading within a well-respected ascending trend channel.
🔁 Key Fib Levels for Retracement:
0.5 = 1.1787
0.618 = 1.1752
0.786 = 1.1710
📦 Fair Value Gaps (FVGs):
A cluster of H4 FVGs exists between 1.1780 and 1.1710, offering high-probability rebalancing zones where price may react and resume upward.
🧭 Two Bullish Scenarios:
Scenario 1: Shallow Pullback and Immediate Continuation
Price pulls back only to the 0.5–0.618 Fib zone (around 1.1780–1.1750). Finds support in the first FVG. Pushes up from there, maintaining channel structure.This suggests aggressive bulls are stepping in early
Scenario 2: Deeper Liquidity Grab Before Continuation
Price dips further into the 0.786 Fib level (~1.1710).Taps deeper into imbalance and possible trendline liquidity. Then sharply reverses, potentially creating a sweep of weak longs before heading higher. Offers the best RR for a continuation entry from demand
🎯 Upside Targets:
TP1: Retest of local high at 1.1850–1.1860
TP2: Fib extension toward 1.1900–1.1930
📌 Summary:
This setup provides two well-defined bullish continuation paths within a clean uptrend. Whether price reacts at the shallow retracement zone or dips deeper into the 0.786 + FVG area, both scenarios offer strong confluence for long setups. Patience is key to wait for the reaction and confirmation.
Trade active
Scenario 2 Worked Perfectly! Got my breakout... now just waiting for a retest of 1.165 to go long :)Let's get it baby!
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Related publications
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.