The EURUSD has recently broken its daily resistance level and the trend appears to be strong to the upside, or at least that is my bias. If the market comes down to test the strong demand zone, we will have a bullish harmonic bat pattern completing at the same level. This provides us with a good reason to consider a buy entry.
To trade this setup, we can look for confirmation on the lower timeframes before committing to an entry. A stop loss could be placed below the demand zone, while profit targets could be set at the next resistance levels.
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