This chart appears to be a EUR/USD 30-minute setup showing a strong bearish move into a marked support zone around 1.1435–1.1442.
Bullish (Buy) Case
✅ Price reacted strongly from the highlighted support zone.
✅ The chart author expects a liquidity sweep below support followed by a reversal.
✅ Target resistance is marked around 1.1595–1.1600, giving a favorable risk/reward if support holds.
What I'd Want Before Buying
Rather than buying immediately at 1.1470:
Wait for a bullish structure break on the 30m chart.
Look for a higher low above the support zone.
Watch for strong bullish candles rejecting 1.1440.
Trade Idea
Buy zone: 1.1440–1.1450 (support retest)
Stop loss: Below 1.1420
Target 1: 1.1520
Target 2: 1.1600
Risk
The overall short-term trend is still bearish after the sharp drop from 1.1600.⚠️ If price closes below 1.1430, the buy setup is invalid and further downside is likely.
My assessment
Buy bias: 6.5/10
The support reaction is promising, but I would wait for confirmation rather than entering immediately. A break above the recent swing high near 1.1480–1.1490 would strengthen the bullish case significantly.
Bullish (Buy) Case
✅ Price reacted strongly from the highlighted support zone.
✅ The chart author expects a liquidity sweep below support followed by a reversal.
✅ Target resistance is marked around 1.1595–1.1600, giving a favorable risk/reward if support holds.
What I'd Want Before Buying
Rather than buying immediately at 1.1470:
Wait for a bullish structure break on the 30m chart.
Look for a higher low above the support zone.
Watch for strong bullish candles rejecting 1.1440.
Trade Idea
Buy zone: 1.1440–1.1450 (support retest)
Stop loss: Below 1.1420
Target 1: 1.1520
Target 2: 1.1600
Risk
The overall short-term trend is still bearish after the sharp drop from 1.1600.⚠️ If price closes below 1.1430, the buy setup is invalid and further downside is likely.
My assessment
Buy bias: 6.5/10
The support reaction is promising, but I would wait for confirmation rather than entering immediately. A break above the recent swing high near 1.1480–1.1490 would strengthen the bullish case significantly.
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.
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.