
U.S. DOLLAR / EURO REFERENCE RATE forum


Idea: Correction Before Expansion? E…
Entry (Buy Limit): 1.1655 – 1.1650 (Demand Zone retest)
Stop Loss (SL): 1.1630 (below demand zone support)
Take Profit (TP): 1.1737 (Target Point resistance)
🔑 Strategy Used:
Demand Zone Strategy: Entering at demand support where buyers previously stepped in.
EMA Confluence: 70 EMA providing dynamic support.
Breakout Retest: Price broke out of the descending channel, now likely to retest before moving up.
Risk/Reward Ratio: ~1:4 (good setup).
⚠️ Note: If price rejects resistance before reaching demand, wait for a confirmed breakout retest above 1.1680 for continuation toward target.

