EURUSD 15M – Breakout and Pullback StrategyEUR/USDOANDA:EURUSDFXSMARTT On the 15M timeframe, price is trading around key levels. Two clear scenarios based on breakout and pullback. Key Levels: Pivot Point: 1.14500 Resistance: 1.14693 Support: 1.14240 / 1.14048 Scenario 1 – Bullish Setup (Long): Price breaks above 1.14500. Wait for pullback to retest 1.14500 as support. After bullish confirmation, enter long. Entry: On pullback to 1.14500 after confirmation Stop Loss: Below 1.14240 Target: 1.14693 Invalidation: Price closes back below 1.14500 Scenario 2 – Bearish Setup (Short): Price breaks below 1.14240. Wait for pullback to retest 1.14240 as resistance. After bearish confirmation, enter short. Entry: On pullback to 1.14240 after confirmation Stop Loss: Above 1.14500 Target: 1.14048 Invalidation: Price closes back above 1.14240 Pro Tips: 1. Do not chase the breakout. Always wait for the pullback. 2. The pullback gives a better entry with lower risk. 3. Confirm the retest with price action on lower timeframes. 4. Patience is key. My Personal View: I am watching two setups. Above 1.14500 with a pullback, I will look for longs to 1.14693. Below 1.14240 with a pullback, I will look for shorts to 1.14048. Not financial advice. Trade at your own risk. Tags: EURUSD, Forex, Breakout, Pullback, PivotPoint, PriceAction, TradingView