Description:
This EUR/USD long position is now up +318 pips since entry and publication a few days ago, running beautifully with a current Risk/Reward Ratio of 29.89.
This trade was executed on the April 7 breakout and additional entries were entered at the retest of the entry zone — a structure we highlighted in advance as a potential launchpad. After forming a clean bullish rejection off that area, price accelerated with strong momentum and is now trading around 1.12386, on track toward our key target zone at 1.21155.
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Technical Setup Recap:
– Entry: Near 1.09200 after confirmed breakout and bullish structure retest
– Stop Loss: 1.08800 (tight structure invalidation)
– Target: 1.21155 (major HTF resistance + institutional supply zone)
– Open P&L: +318.6 pips
– Risk/Reward: 1:29.89
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Fundamental Backdrop:
– EUR is gaining strength on improving EU inflation sentiment and cautious ECB optimism.
– USD remains pressured by mixed economic data and shifting expectations around Fed policy.
– Broader risk-on sentiment and demand for non-USD pairs are fueling additional momentum.
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Closing Thoughts:
This trade exemplifies how combining multi-timeframe market structure with macro fundamentals and disciplined execution can lead to high-conviction, high-reward setups. I’ll continue to update as we approach the 1.2115 zone.
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