EUR/USD Bullish Trade Setup Based on CHoCH and Strong High

This analysis highlights a bullish trade setup on EUR/USD, following a Change of Character (CHoCH), signalling a potential trend reversal to the upside. The price structure suggests a pullback to a demand zone before continuing the upward momentum.

• Entry Price: 1.03832 (Expected pullback zone)
  
• Take Profit (TP): 1.04432 (Strong high, potential resistance)
  
• Stop Loss (SL): 1.03532 (Below the demand zone for protection)
  
• Risk-to-Reward Ratio: 1:2 (Aiming for twice the risked amount)
  

This trade is structured to capitalise on a retracement before a bullish continuation, aligning with market structure shifts. The CHoCH breakout confirms the transition to a bullish bias, making this an optimal trade with a favourable risk-reward ratio.