Maybe Not but It's worth the risk.EUR/USDOANDA:EURUSDitsmeangunEURUSD Trade Idea: In-Depth Analysis using SMC & Confluences 📌 Market Structure Overview Previously, the price was in a clear downtrend, cleanly respecting the black descending trendline. SMC Signal: Recently, we saw a strong breakout above this trendline accompanied by an aggressive mChoCH (minor Change of Character), breaking the previous lower high. This is the first footprint indicating that "Smart Money" might be shifting the momentum from bearish to bullish on this timeframe. 🎯 Point of Interest (POI) / Demand Zone After making a new swing high, the price is currently making a pullback into the Discount pricing zone. Keep an eye on the blue box (m15 Demand Zone). This area is the origin of the impulsive move that created the ChoCH. We can anticipate that institutional unfilled orders are resting here. 🔥 Confluence Factors making this a high-probability setup: Fibonacci Retracement: Our demand zone aligns perfectly with the 61.80% (1.15852) Golden Ratio. Volume Profile: If you look at the Volume Profile, there is a High Volume Node (thick volume bars) sitting right inside the blue box, providing a strong layer of support. Trendline Retest: This downward pullback beautifully serves as a retest of the broken descending trendline. Daily Pivot: The area is also supported by the proximity of the Daily Pivot (P) level. 📋 Trade Plan (Long/Buy Setup) Entry Zone: Look for buying opportunities as the price taps into the blue box (around 1.15864 - 1.15900). Pro tip: Wait for a Lower Timeframe (LTF) reversal pattern or price action confirmation before executing. Stop Loss (SL): Safely placed below the base of the demand zone and the 78.60% Fib level (around 1.15805). If the price drops below this, our bullish structure is invalidated. Take Profit (TP): * TP1: The recent Swing High (Fib 0.00% at 1.16307). TP2: The overhead Supply Zone (red box) or Daily R1 (1.16383). ⚠️ Caution: Always check the economic calendar for any high-impact EUR or USD news today. News events can cause unpredictable spikes that sweep stop losses.