EUR/USD 4H Chart Analysis – Updated Buy Signal After Reversal

We’re analyzing the EUR/USD 4H chart, where a fresh BUY signal has emerged following a previous one that didn’t play out as expected. The market went against the prior signal, but we now have a new opportunity to enter with a larger position while still holding the previous trade. We can adjust the Take Profit (TP) target to this new zone.

Key Observations:

- Previous BUY Signal: A BUY signal at 1.10677 was triggered earlier but did not hit its target. We're still holding that position and can now consider adding a new one.

- Current BUY Signal: A new BUY signal was triggered at 1.09745, presenting another potential upward movement.

- TP Zone: The Take Profit zone is between 1.10018 and 1.10245, offering a potential combined profit for both positions.

- Market Structure: Price action is showing signs of a possible reversal with bullish momentum building, and the market structure supports the potential move toward this new TP zone.

Trading Plan:

- Bullish Scenario: For those still holding the previous position, move the TP to the new zone and consider adding to your position here. Watch for confirmations as the price nears the target.

- Risk Management: Increase position size carefully, and move stop-loss to manage risk efficiently.

Stay focused, and trade wisely!