EUR/USD Breakout Retest Strategy 🟢📈
📊 Technical Analysis Summary:
The chart illustrates a bullish breakout from a consolidation range with a well-defined support near 1.12500 and resistance between 1.16500–1.17000.
🔍 Key Observations:
🔸 Triple Rejection Zone:
Price faced rejection 3 times (highlighted with orange circles) near the same level before the breakout — classic liquidity sweep above resistance.
🔸 Strong Support Bounce:
Each time price reached the green support zone, it showed strong bullish reaction (green arrows) signaling solid buying interest.
🔸 Break and Retest Formation:
Price broke the previous highs and now seems to be retesting the breakout zone (around 1.15250–1.15300). A successful retest could confirm bullish continuation.
🔸 Projected Bullish Move:
If the retest holds, we may see price pushing up toward the 1.17000 resistance zone as marked.
📌 Trading Plan:
✅ Bullish Bias above 1.15250
✅ Look for bullish candlestick confirmation or breakout structure
🚫 Avoid trades if price drops below 1.15000 with momentum
📈 Target Zone: 1.16500 – 1.17000
🛑 Stop Loss suggestion: Below 1.14750
🧠 Keep patience during the retest — smart money often tests emotions before real moves! 💰📉📈
📊 Technical Analysis Summary:
The chart illustrates a bullish breakout from a consolidation range with a well-defined support near 1.12500 and resistance between 1.16500–1.17000.
🔍 Key Observations:
🔸 Triple Rejection Zone:
Price faced rejection 3 times (highlighted with orange circles) near the same level before the breakout — classic liquidity sweep above resistance.
🔸 Strong Support Bounce:
Each time price reached the green support zone, it showed strong bullish reaction (green arrows) signaling solid buying interest.
🔸 Break and Retest Formation:
Price broke the previous highs and now seems to be retesting the breakout zone (around 1.15250–1.15300). A successful retest could confirm bullish continuation.
🔸 Projected Bullish Move:
If the retest holds, we may see price pushing up toward the 1.17000 resistance zone as marked.
📌 Trading Plan:
✅ Bullish Bias above 1.15250
✅ Look for bullish candlestick confirmation or breakout structure
🚫 Avoid trades if price drops below 1.15000 with momentum
📈 Target Zone: 1.16500 – 1.17000
🛑 Stop Loss suggestion: Below 1.14750
🧠 Keep patience during the retest — smart money often tests emotions before real moves! 💰📉📈
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Disclaimer
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.