EURUSD: Bullish Trend Shift

On an hourly timefraame, EURUSD printed Bullish Divergence followed by a Bullish Pennant Pattern suggesting a Bullish shift.

Entry is suggested on the breakout of previous high with a stop loss on previous low. TP levels are suggested with Risk Reward Ratio of 1:1 and 1:2

Comment:

We can consider a protective stop outside breakout bar opposite from breakout direction, a stop and reverse order essentially.
If price continues in direction of breakout, profit from breakout entry.
If breakout is false, profit stop and reverse