EURUSD is currently at a strong support level, and it has tested a highly robust support zone before starting to move upward. Additionally, there is a Hidden Bullish Divergence observed on both the 1-hour and 4-hour timeframes, indicating a potential reversal zone (PRZ). Furthermore, a completed Bullish Harmonic Pattern AB=CD has formed, and this pattern coincides with the PRZ zone.
The EURUSD pair has reached a significant support level and has shown signs of a potential bullish reversal with the presence of Hidden Bullish Divergence on both the 1-hour and 4-hour timeframes. Moreover, the completion of the Bullish Harmonic Pattern AB=CD at the same PRZ zone further reinforces the possibility of an upcoming bullish price movement.
However, it's important to exercise caution and conduct further research and analysis to confirm the validity of these indications before making any trading decisions. Market conditions can change rapidly, so staying informed and considering multiple factors is crucial for successful trading.
@Ehsan008, Yes, if you follow my technical analysis (TA), then we close 25% of the position at TP 1 and move the stop loss (SL) to breakeven. Subsequently, we once again close 25% at TP 2 and TP 3, and for the remaining portion, we will await the achievement of TP 4. It's important to note that the stop loss is now at breakeven, rendering this trade risk-free.
TheFxAce
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Solid long perspective. Have you ever looked into statistical arbitrage?