EUR/USD Bullish Breakout & Retest Setup – Targeting 1.10955

10 Apr

Instrument: EUR/USD

Timeframe: 30-Minute

Indicators Used:

EMA 30 (Red): 1.09821

EMA 200 (Blue): 1.09698

Key Levels Identified:
Entry Point: 1.09695

Stop Loss: Around 1.09067

Resistance Zone: ~1.09911

Target Zone: ~1.10918 to 1.10955

Projected Gain: ~147.3 pips (1.35%)

Price Action Analysis:
Bullish Breakout:

The price broke out from a consolidation zone (marked in purple).

A bullish trend is forming as price moves above the 200 EMA.

EMAs Alignment:

The 30 EMA is currently above the 200 EMA, indicating a potential bullish trend continuation.

However, price is slightly below the 30 EMA now, suggesting some short-term pullback or resistance.

Retest at Entry Zone:

Price retested the entry zone at 1.09695 after the breakout and is now hovering near it.

This retest is healthy for confirming support before another move up.

Trade Setup Insight:
Entry Strategy: A long (buy) entry at or around 1.09695.

Stop Loss Placement: Below the previous support zone near 1.09067 to manage risk.

Target Strategy: Aiming for the resistance zone around 1.10918–1.10955 for profit booking.

Conclusion:
This looks like a bullish continuation setup with a favorable risk-reward ratio. The confluence of:

EMA support,

Price structure (breakout & retest),

and defined resistance/target zone

10 Apr

Dagangan ditutup: sasaran tercapai

target point hit