Euro / U.S. Dollar
Long
Updated

EUR/USD 4H Chart Pattern, here's the analysis..

709
Looking at My EUR/USD 4H Chart Pattern, here's the analysis:

Current Price:

Around 1.1819


Observations:

Price is moving inside an ascending channel

Breakout from the upper channel line is happening

Ichimoku Cloud shows bullish momentum as price is well above the cloud



---

Target Levels:

✅ First Target Zone: 1.1900 - 1.1950
✅ Final Target Zone: 1.2000 - 1.2020 (as marked on your chart)


---

Notes:

Watch for strong breakout confirmation above 1.1850

If momentum continues, price can reach 1.2000

Use stop-loss below 1.1750 to manage risk



---

If you want, I can help suggest stop-loss, entry, and risk management in detail. Let me know!
Trade active
active trade

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.