EURUSD Roadmap —Long Opportunity at Support(Risk-to-Reward:2.00)

Apr 3

Today I want to share an analysis on EURUSD(EURUSD) that includes a trade with Risk-to-Reward: 2.00.

EURUSD is currently moving in a heavy support zone($1.158-$1.139).

It also seems that EURUSD has been moving for the past 20 days between support and resistance lines, which appear to form a classic symmetrical triangle from a technical analysis perspective.

From the Elliott Wave theory point of view, EURUSD seems to have completed a 5-wave downward move, with the 5th wave truncated, suggesting we can expect at least a corrective upward movement.

I expect EURUSD to start rising from Fibonacci levels, with a minimum target of $1.15910.
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EURUSD

Position: Long

Entry Point: $1.15183 (Limit Order)

Take Profit: $1.15910

Stop Loss: $1.14820

Risk-To-Reward: 2.00

Please don't forget to follow capital management.

Please pay attention to the style of opening the position.
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What do you think about EURUSD? Will it break through the heavy support zone($1.158-$1.139), or not?

Overall, escalating military conflicts in the Middle East and no talks of a ceasefire or possible agreement could help strengthen the DXY index(DXY).

💡 Please respect each other's opinions and express agreement or disagreement politely.

📌 Euro/U.S Dollar Analyze (EURUSD), 4-hour time frame.

🛑 Always set a Stop Loss(SL) for every position you open.

✅ This is just my idea; I’d love to see your thoughts too!

🔥 If you find it helpful, please BOOST this post and share it with your friends.

Apr 4

Trade active

Trade was activated in the last trading hours

Apr 7

Trade closed: target reached

Target Done

RR: 2.00

Thank you for your patience

Apr 8

Note

Full Target Done