EUR/USD chart...EUR/USD chart:
Chart timeframe: 2H (2-hour chart)
Pattern: It looks like a descending trendline breakout from a consolidation (range) zone, confirmed by Ichimoku signals and upward momentum.
Indicators: Ichimoku Cloud shows price breaking above the cloud — a bullish sign.
Target zone: my marked two “target points” with arrows on my chart.
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To estimate the target price, let’s infer it based on the chart:
1. Current price (breakout point): ≈ 1.1667
2. Height of the range (pink box): roughly from 1.1520 to 1.1670
→ Range height ≈ 150 pips (0.0150)
If this is a range breakout, then:
Target 1 (conservative): 1.1667 + 0.0150 = 1.1817
Target 2 (extended): another projection from that = 1.1967
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✅ Targets Summary:
🎯 Target 1: 1.1817
🎯 Target 2: 1.1967
These align with my chart’s two “target point” lines visually.
